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...
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? Is your small business not making as much profit as you expect? Are you earning profits but always falling short on cash?...
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...
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...
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...
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...
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...