Through the intensive coursework of business school, you can learn how to form and test hypotheses, analyze relationships between variables, and communicate statistical results to colleagues. Furthering your education by earning a graduate degree, such as an MBA, can be one way to gain the data skills needed to solve complex business challenges. Explore the … Read more
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By recognizing revenue and expenses differently, you can affect cash flow, profitability assessments, and investment decisions. Timing differences in accounting also play a role in financial decision-making. The recognition of revenue and expenses can affect cash flow and profitability assessments. Accruals involve tracking transactions over time and determining when revenue should be recognized or expenses … Read more
Or you can spot someone who hasn’t paid their invoice on time and gently suggest that you can’t do anymore work until you’re all square. And because each time you add a new supplier to the system you’ll be making note of their full contact details, you don’t have to worry about keeping an address … Read more
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In the United States, certification requirements for accountants vary from state to state. But one requirement is universal—the passing of the Uniform Certified Public Accountant Examination. This exam is written and graded by the American Institute of Certified Public Accountants (AICPA). For most accounting and auditing professions, you’ll need at least a bachelor’s degree in … Read more
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If the balance in the petty cash account is supposed to be $75, then the petty cash box should contain $45 in signed receipts and $30 in cash. Assume that when the box is counted, there are $45 in receipts and $25 in cash. This creates a $5 shortage that needs to be replaced from … Read more