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Businesses are concerned with what you can do for them as a company, this is inclusive of, what makes you different from all of the other competitors. Especially when is effects the "bottom-line"!
Well-informed businesses are more successful when they KNOW income source and expenses and possible savings (SWOT Analysis) .
FIND OUT "HOW" OUR SERVICE CAN PUT YOU IN THE "KNOW"!
LET'S TALK … HAVING THE PROPER PERSPECTIVE IS AN "IMPORTANT" FUNDEMENTAL!
Describes a method of accounting that creates statements, reports, and documents that assist management in making more sound decisionsrelated to their business model. This type of accounting is critical in the decision-making process and assist in the management of performance and control of performance related systems.
Describes the reporting and analyisi of a company's cost structure. It is the process of assigning costs to cost objects that a company usually includes in products, services, and any activity inwhich the company is involved.
A specific branch of accounting involving recording, summarizing, and reporting. There are four basic principles included in this process; objectivity, matching, revenue, recognization, and consistency
Describe your acquisition of products or services. This recording is essential and germane in keeping expenses orderly. It is important to record the acquistion price of anything spent and properly recording depreciation for those assets.
Revenue Recognition Principle
Recording of information is imperative, hence this principle, which identifies the recognition of revenue on the Income Statement. This the method segregates whether it's recognized in the accurral or cash basis. This is vital for ANY business.
Expenses should be matched to the revenues recognized in the same accounting period and be recorded in the accounting period the expenses were incurred.
Full Disclosure Principle