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Client Accounting Services -- Services offered by CPA firms to their clients to help them manage their finance and accounting functions. While the services offered within a Client Accounting Services practice vary, they generally fall into three categories: 1) After-the-fact financial statement preparation, 2) Transaction
Accounting: The process of gathering and preparing financial information about a business or other organisation in a form that provides accurate and useful records and enables decisions to be made. Accounting cycle: This covers everything from opening the 'books' at the start of the year to closing them at the end.
Accrual method of accounting. A method that requires a business to post revenue when it is earned, and expenses when they are incurred. This method applies the matching principle, which matches revenue with the expenses that relate to producing the revenue.
Accounting: A service that oversees, measures, and evaluates financial information for decision making purposes. Accounts Payable: Amounts due from your business to your creditors. Generally these are short term liabilities (30-120 days), and are shown under the Current Liabilities section in the Balance Sheet.
Ensuring that we have a shared understanding of accounting and auditing terms with our clients is crucial for effective and efficient communication. To help with this shared understanding, we’ve developed an alphabetical list of the most commonly used accounting words and phrases. This glossary includes those terms that business owners will ...
10 Αυγ 1993 · The NYSSCPA has prepared a glossary of accounting terms for accountants and journalists who report on and interpret financial information.
50 Basic accounting acronyms and abbreviations to know. 1. Certified Public Accountant (CPA) A professional accountant who has passed the Uniform CPA Examination. This person has met additional state-specific education and experience requirements to become licensed and certified to practice public accounting.
