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Monthly Archives: November 2022

Auditing: What it is & Why It’s Done

Auditing: What it is & Why It's Done

🖨 Print⏱ 4 min readThe Importance of Auditing Auditing typically refers to an objective review of a company’s financial statements, which consists of the cash flow statement, the income statement and the balance sheet. It analyzes the level of accuracy that the business has characterized its financial records. The process […]

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Dissecting the Revenue Recognition Principle

Dissecting the Revenue Recognition Principle

🖨 Print⏱ 4 min readSome businesses, especially publicly traded ones, may choose accrual accounting to reduce volatility in earnings, while start-ups or small businesses may choose to go with a cash basis accounting option. A poll conducted by the Journal of Accountancy on Topic 606 discovered that one in five […]

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