Author name: Thom Hooker

When financial statements are consistent over time, users can more easily identify trends, changes, and anomalies in an entity’s financial position and performance. IFRS also requires the entity to apply the same accounting policies in reporting its financial statements. In case there is any change in accounting policies and estimates, IAS 8 should be used. […]

The IRS is currently processing Form W-7s within 11 weeks after receipt. We are taking every action to minimize delays, and we are processing requests in the order they were received. If you will need your original documents for any purpose within this processing timeframe, you may wish to apply in person at an IRS

The budgeted reports would show a low expected level of these variable costs. Upper management could then check the variances between the actual and budgeted costs. With a better understanding of how your organization measures financial performance, you can take steps to provide additional value in your daily activities. A key document in reporting corporate financial performance,

On the other hand, QuickBooks Enterprise is designed for larger businesses that want access to more users and more features without fully upgrading to ERP software. However, businesses with three or fewer users that plan to use only the standard version of QuickBooks Premier are better off saving their time (and money!) by signing up

The tricky part is making sure you have the right dates and transactions in QuickBooks so you know everything matches. Reviewing documentation consists of checking the amounts shown on invoices or receipts, compared with the corresponding amounts shown leaving or entering the account in question. If you’re in the world of business management or accounting,