IFRS 9: The Price Of The 2008 Housing Bubble

October 3, 2017

After the enormous housing bubble in 2008, the financial sector has never been more paranoid in every decision and guidelines they make. Hence, when the accounting industry created the latest and one of the most significant restructurings in the past few decades, many were still skeptical if it was the right decision or not. This …

US Tax Accounting

August 24, 2017

Tax Accounting is a service on the compilation, organization, and summarization of all relevant business transactions of an organization in compliance with the regulations set by the taxing authority of a country. The purpose of which is to satisfy a recurring (annually, biannual, etc.) obligation to the state. It is one of the largest industries …

Two Types of Bookkeeping Methods

August 6, 2017

The Double and Single Entry Method Bookkeeping is one of the most important processes in the accounting cycle. It is also one of the most commonly availed accounting services. In layman’s term, it is the process in which the transactions, both income and expenses, of a business is recorded in the books of the company. …

Most Common Accounting Services Available

August 2, 2017

What are the Types of Accounting Services? Accounting has been described as the bloodline of any business. Whether you’re monitoring inventory, recording sales, or checking for inconsistencies, you are already applying basic accounting principles. But of course, professional accountants have been trained to perform the same routines but in a more organized, accurate, and effective way. …