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Enrolled Agent vs. CPA: Understanding the Differences

Intuit

EAs are qualified to focus on tasks like tax collections, tax audits, and tax appeals. What is a certified public accountant (CPA)? CPAs, or certified public accountants, are licensed professionals who offer a wide range of financial services, including tax preparation and planning, auditing, financial accounting, and consulting.

CPA 130
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What is the CPA Exam? A complete guide.

Intuit

Financial Accounting and Reporting (FAR): This material covers financial statements, local and state government regulation, and other key financial reporting concepts. This guide is just one blog in our larger collection of resources related to tax preparer jobs.

CPA 130
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Cost accounting definition

Accounting Tools

Related Courses Cost Accounting Fundamentals Financial Analysis What is Cost Accounting? Cost accounting examines the cost structure of a business. None of these tools are used by financial accountants, who are more concerned with the production of financial statements.

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What is an accountant?

Accounting Tools

Related Courses Accountants' Guidebook Bookkeeping Guidebook New Controller Guidebook An accountant is a person who records business transactions on behalf of an organization, reports on company performance to management, and issues financial statements. Management reports are issued to the management team.

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The functions of managerial accounting

Accounting Tools

Related Courses Cost Accounting Fundamentals Managerial accounting involves collecting, analyzing, and reporting information about the operations and finances of a business. The functions of managerial accounting include the following: Margin analysis.

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Accounting department responsibilities

Accounting Tools

Collections Function The accounting department is responsible for keeping track of overdue invoice payments from customers, and uses a variety of methods to extract payment from them, including dunning letters , phone calls, and attorney letters.

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Understanding ASC 606 Revenue Recognition?

Billing Platform

To establish best practices, eliminate confusion and standardize the recognition of revenue, the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) developed a framework – Accounting Standards Codification (ASC 606) – for more consistent revenue recognition.