by Christina | Mar 3, 2020 | Accounting Industry
Harsh competition between two rival companies is typical in any industry. However, an economic spat between two countries can shake the financial balance of all seven continents. The issue also affects professionals across different sectors, most notably accountants....
by edwin | Dec 19, 2019 | Accounting Industry, Innovation
When talking about data privacy, the first thing that pops into our minds is businesses protecting their secrets. Younger people, on the other hand, think about the issues social media platforms currently face. However, did you know that data privacy plays a... by edwin | Dec 19, 2019 | Tax Preparation, Accounting Industry
For a lot of people, the idea of accounting is quite vague. Some of us fall for various misconceptions about accounting. One misconception is that it is a profession that only involves the use of math and numbers to balance books and do taxes. However, although...
by edwin | Dec 19, 2019 | Accounting Industry, Accounting News
Accounting standards are the DNA of every financial statement of every business in the US. Hence, just like DNA, a single change can affect the growth of the whole entity. For leasing standards, unfortunately, these changes are coming to light slower than expected....
by edwin | Dec 19, 2019 | Accounting Industry, Auditing
Auditing and accounting are two of the most common terms in the finance world. Unfortunately, plenty of people still confuse these two services. In fact, even Hollywood isn’t safe from this confusion. For example, in the movie “The Accountant,” Chris Wolff, Ben...
by edwin | Dec 19, 2019 | Accounting Industry, Accounting News
Small businesses, in one way or another, experience some losses during their existence. One of the most common kinds of these losses is casualty loss. Casualty losses are a negative movement in the value of a company due to unexpected, unusual, and sudden events....
