What is a pro forma balance sheet?
A pro forma balance sheet is a key component in your pro forma, your 5 to 7-year projection. It lists out your future assets, liabilities, and stockholders’ equity...
Bookkeeping Archives - CFOShare
How do you clean up an accounting mess?
Have you ever tried to cook in a messy kitchen? Or find a tool in a cluttered garage? If the mess is too big, you may give up...
How Do I Recover from Business Financial Fraud?
Small business fraud is an unfortunately common occurrence. In fact, more fraud occurs in small businesses than in large corporations due to the lack of controls and oversight....
What does a Forensic Accountant Do?
What does a Forensic Accountant Do? Is your small business not making as much profit as you expect? Are you earning profits but always falling short on cash?...
What are the Red Flags of Fraud?
Do you stay awake at night wondering why your business is running out of cash? Have you grown your sales only to see your costs rise equally? Is...
What are Some Business Fraud Examples?
The news regularly has examples of corporate fraud – Wirecard defrauded the public by €1.9B, Matel defrauded of $3M by hackers, Fiat Chrysler salespeople orchestrated $8.7M in wire...
What is Cost Accounting?
Cost accounting is the specialized discipline of managerial accounting focused on timing and attributing costs accurately. Although the concept of cost accounting is simple, the actual practice is...
What Are the Differences Between Bookkeeping and Accounting?
Bookkeeping and Accounting are part of the same profession and are often confused as the same thing, however they are different activities. Bookkeeping is transactional and administrative record...
How to Compare Budget vs Actual
A small business budget is not much use if you do not compare it against actual performance. This classic method of evaluating performance stands as one of the...
What is Management Accounting?
Strategic business decisions are made from the transformation of financial data into critical business operational reports by managerial accountants. Managerial accounting utilizes analysis tools, key performance indicators, and...