How have computerized accounting systems such as Quickbooks changed the way accounting is done?

Answer Technology has greatly improved the way companies have conducted business over the past several decades. One of the best technological improvements is computerized accounting software, which helps ... Read More »

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Can Financial Accounting Decisons Be Made Without Management Accounting?

Financial and management accounting coexist well in many firms. Both types of accounting can be integrated with the advent of the enterprise resource planning software (ERP), which connects both sy... Read More »

Differences Between College Accounting & Intermediate Accounting?

Accounting at the college level prepares students for a potential career. However, students should recognize the key differences between a college-level accounting curriculum and an intermediate le... Read More »

Is accrual accounting the same as cost accounting?

Accrual accounting and cost accounting are different ways of measuring a company's financial performance. Accrual accounting specifically looks at a company's revenues and the expenses that go into... Read More »

Government Accounting vs. Private Accounting?

All organizations, both in the public and private sector, have to report their periodic activities to their respective stakeholders. Basic principles of accounting apply in both government and priv... Read More »