Accounting Basics

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Accounting is the method or detailing the monetary position of a business or person by making financial reports. The main financial reports incorporate the cash flow statement, the income statement and the balance sheet. General accounting principles (GAAP) detail the procedure for recording transactions, performing internal audits, maintaining economic records, and reporting financial outcomes. Most businesses right now use a combination of specialized accounting software program or a network based accounting package. The Sarbanes-Oxley Act and standard auditing protocols supply a verification of the company’s economic statement s for investors and buyers. Study more about the monetary statements and other accounting topics in this Hub category.

Linh discovered that many households with nannies basically did not want the headache of seeking following the nanny’s payroll and guaranteeing that all legal and tax related reporting was handled on time. For these folks, the job of bookkeeper and accountant was one particular a lot more obligation to add to their current roles of employee or organization owner, parent, chauffeur, cook, housekeeper, gardener, host, nurse and teacher.

Let’s do the math: 120 required semester hours divided by three hours per class equals 40 classes necessary to earn your accounting bachelor’s degree on the web. Now, multiply 40 classes occasions five weeks per class. You get 200 weeks. Divide this by 52 weeks per year about three.85 years. Add to this two weeks break each year in winter. Chances are, unless you begin instantly after winter break, you will add four 2-week breaks to your time line. This then becomes four. years exactly.

Job Summary: The NASA Office of the Inspector Basic (OIG) serves as an independent audit and investigative organization. We conduct objective oversight of NASA applications and operations and independently report to the Administrator, Congress, and the public to further the Agency’s accomplishment of its mission. The OIG consists of roughly 200 auditors, analysts, specialists, investigators, attorneys and assistance staff at NASA Headquarters in Washington, DC, and NASA Centers throughout the U.S.

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