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Inside GASB's far-reaching agenda

Accounting Today

In late 2023, GASB issued Statement 102 , "Certain Risk Disclosures," requiring state and local governments to provide financial statement users with information about specific risks when circumstances make a government vulnerable to a heightened possibility of loss or harm. That is effective for 2025 financial statements."

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Managing Accounts Payable for Small Businesses

Counto

Managing Accounts Payable for Small Businesses In the world of small businesses and startups, managing accounts payable (AP) is a critical aspect of maintaining a healthy cash flow. It involves handling all of your company’s expenses, excluding payroll , and plays a pivotal role in financial decision-making.

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Management accounting definition

Accounting Tools

Related Courses Capital Budgeting New Controller Guidebook Project Accounting What is Management Accounting? Management accounting is a branch of accounting that focuses on the revenues and expenses of a business, as well as asset usage. Management accounting does not just result in variance reports.

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What Are the Different Types of Accounting Services? A Guide for Small Business Owners in Singapore

Counto

Heres a quick overview of the primary accounting services: Bookkeeping : Recording daily financial transactions, such as sales and expenses. Financial Statement Preparation : Creating essential financial reports like income statements, balance sheets, and cash flow statements.

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What Are the Different Types of Accounting Services for SMEs in Singapore?

Counto

Management Accounting Planning with Purpose Management accounting is forward-looking and helps SMEs make strategic decisions based on financial insights. Budgeting and Forecasting Predicts income and expenses, helping you manage resources effectively and prepare for future growth.

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Types of accounting functions

Accounting Tools

Financial Accounting The financial accounting group records accounting transactions and converts the resulting information into financial statements. Related Articles The Difference Between Public and Private Accounting The Different Types of Accountants What Does a CPA Do?

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What is accountancy?

Accounting Tools

The information in the general ledger is used to derive financial statements , and may also be the source of some information used for internal management reports. Reporting The reporting aspects of accountancy are considerable, and so have been divided into smaller areas of specialization, which are noted below.