For business owners and stakeholders, figuring out financial statements is key. These documents show a company’s financial health through numbers. They follow GAAP and are overseen by the Financial Accounting Standards Board. A cash flow statement is another type of financial statement that provides a snapshot of a business’s cash inflow and outflow during a […]
Category Archives: Bookkeeping
While recording transactions under the cash basis accounting method, businesses need to account for cash receipts and disbursements as such transactions occur. It does not account for accounts receivable and accounts payable, as the transactions are recorded when money is exchanged. On the other hand, accrual accounting requires businesses to report income when it is […]
Candidates take the same accounting courses as those candidates seeking to sit for the Certified Public Accountant (CPA) Exam. Performs detailed research of accounting entries and reports in various systems such as CAPPS, USAS, or similar systems. Get in touch with our team today to discover how Cherry Bekaert can help guide your business toward […]