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Accounting Basics

Sign up for email news and updates! Accounting and the Relationship to Business. Audit Reports Contain What? What is Accounting Fraud? Accounting fraud is a deliberate and improper manipulation of the recording of sales revenue and/or expenses in order to make a company's profit performance appear better than it actually is. Some things that companies do that can constitute fraud are:. Not listing prepaid expenses or other incidental assets. Collapsing short- and long-term debt into one amount. An audito...

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Accounting Basics | simplylearnaccounting.blogspot.com Reviews

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Sign up for email news and updates! Accounting and the Relationship to Business. Audit Reports Contain What? What is Accounting Fraud? Accounting fraud is a deliberate and improper manipulation of the recording of sales revenue and/or expenses in order to make a company's profit performance appear better than it actually is. Some things that companies do that can constitute fraud are:. Not listing prepaid expenses or other incidental assets. Collapsing short- and long-term debt into one amount. An audito...

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Accounting Basics | simplylearnaccounting.blogspot.com Reviews

https://simplylearnaccounting.blogspot.com

Sign up for email news and updates! Accounting and the Relationship to Business. Audit Reports Contain What? What is Accounting Fraud? Accounting fraud is a deliberate and improper manipulation of the recording of sales revenue and/or expenses in order to make a company's profit performance appear better than it actually is. Some things that companies do that can constitute fraud are:. Not listing prepaid expenses or other incidental assets. Collapsing short- and long-term debt into one amount. An audito...

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simplylearnaccounting.blogspot.com

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Accounting Basics: Acid Test Ratio and ROA

http://simplylearnaccounting.blogspot.com/2010/08/acid-test-ratio-and-roa.html

Sign up for email news and updates! Acid Test Ratio and ROA. Investors calculate the acid test ratio, also known as the quick ratio or the pounce ratio. This ratio excludes inventory and prepaid expenses, which the current ratio includes, and it limits assets to cash and items that the business can quickly convert to cash. This limited category of assets is known as quick or liquid assets. The acid-text ratio is calculated by dividing the liquid assets by the total current liabilities. ROA is a useful ra...

2

Accounting Basics: Partnerships and Limited Liability Companies

http://simplylearnaccounting.blogspot.com/2010/08/partnerships-and-limited-liability.html

Sign up for email news and updates! Partnerships and Limited Liability Companies. Some business owners choose to create partnerships or limited liability companies instead of a corporation. A partnership can also be called a firm, and refers to an association of a group of individuals working together in a business or professional practice. Limited partners escape the unlimited liability that the general partners have. They are not responsible as individuals, for the liabilities of the partnership&#4...

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Accounting Basics: A Sole Proprietorship

http://simplylearnaccounting.blogspot.com/2010/08/sole-proprietorship.html

Sign up for email news and updates! As the sold proprietor of a business, you have unlimited liability, meaning that if your business can't pay all it liabilities, the creditors to whom your business owes money can come after your personal assets. Many part-time entrepreneurs may not know this, but it's an enormous financial risk. If they are sued or can't pay their bills, they are personally liable for the business's liabilities. Subscribe to: Post Comments (Atom). Audit Reports Contain What?

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Accounting Basics: Basic Budgeting

http://simplylearnaccounting.blogspot.com/2010/08/basic-budgeting.html

Sign up for email news and updates! To construct budged financial statements, a manager needs good models of the profit, cash flow and financial condition of your business. Models are blueprints or schematics of how things work. A business budget is, at its core, a financial blueprint of the business. Budgeting relies on financial models that are the foundation for preparing budgeted financial statements. Those statements include:. Budgeting requires good working models of profit performance, financial c...

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Accounting Basics: Price Earnings Ratio

http://simplylearnaccounting.blogspot.com/2010/08/price-earnings-ratio.html

Sign up for email news and updates! The price/earning (P/E) ratio is another measurement that's of particular interest to investors in public businesses. The P/E ratio gives you an idea of how much you're paying in the current price for stock shares for each dollar of earning. Earnings prop up the market value of stock shares, not the book value of the stock shares that's reported in the balance sheet. P/E ratios are currently running high, despite a four-year slump in the stock market. P/E ratios va...

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simplylearnaccounting.blogspot.com

Accounting Basics

Sign up for email news and updates! Accounting and the Relationship to Business. Audit Reports Contain What? What is Accounting Fraud? Accounting fraud is a deliberate and improper manipulation of the recording of sales revenue and/or expenses in order to make a company's profit performance appear better than it actually is. Some things that companies do that can constitute fraud are:. Not listing prepaid expenses or other incidental assets. Collapsing short- and long-term debt into one amount. An audito...

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