Financial Accounting involve recording financial data and preparing financial statements of entity based on accounting standards or reporting frameworks.
Definition: The cost of goods sold is the costs of goods or products sold during a specific period of time by the entity to its customers. The cost here refers to costs or expenses attributable directly to the goods or products that the entity sold, including the cost of direct labor, direct materials, and direct …
Cost of Goods Sold: Definition, Formula, Example, and Analysis Read More »
Cash flow problems are the major issue in every company; well-managing account receivables would minimize these problems. The following are some tips that could help you to manage accounts receivables in your company if it is a service providing company. General speaking, large amount and long-term of account receivable are the cost of the company …
How to Manage Accounts Receivable for Services Industry Company? Read More »
One of the major rules of a forensic accountant is investigating fraud that happened or might be happened to the organizations. In this article, we will list down some specific procedures related to Investigating Fraud over purchasing done by Forensic Accountant. Here we go! In every organization, the purchasing department plays a very important rule in the …
Forensic accounting procedures for fraud related to purchasing Read More »
Forensic Accounting Report Preparing the Forensic Accounting Report is part of your major responsibilities if you are a forensic accountant. This task is normally done at the final stage of your investigation. In this article, we will tell you’re the main element that you should include when you prepare your forensic accounting reports. Before list …
How to Prepare the Forensic Accounting Report? (Guide) Read More »
Have you heard of the Ponzi Scheme Fraud? Or does your ears ever get to hear Enron Scandal, Tyco International Scandal, or Bernie Madoff Fraud? The world knows the words business, money, finance, investment, and profit for centuries. It also knows the word fraud, embezzlement, financial scandal, economic losses, financial disputes, etc., since then. But …
How Much Does A Forensic Accountant Make? – Explained Read More »
Why? The forensic accountant is now becoming so popular job in some countries as it is one of the high paid jobs in the accountancy field. As we normally see, a lot of people who work in this job hold not only professional accounting qualifications with some good knowledge of ingestion skills, but also special investigation skills …
How to Become a Forensic Accountant? Guidance and Requirements Read More »
Forensic Accounting Services might not be so popular in some countries for example in Asian countries. But it is the high pay services in some country like the USA. In this post, I will list downs in detail about the most popular Forensic Accounting Services often engaged with. As you may know, most of the engagements …
4 Types of Forensic Accounting Services (With Detail Explanation) Read More »
Overview: Forensic audit procedures are not so much different from audit procedures. They also perform important procedures to obtain the evidence, including analytical reviews, inquiries, observations, recalculations, inspection, etc. However, as said in our previous post, What is forensic accounting? The evidence gathered from forensic accounting or auditing is normally used for legal purposes rather …
Forensic Audit Procedures: 5 Main Procedures You Should Know Read More »
Definition: Forensic Accounting is an art of investigation over accounting records, financial statements, and other related financial records. The result of the investigation is mostly used for legal support and resolving conflict. This job requires technical skills in accounting, investigation, and legal. These are what drive forensic accounting to become more attractive and highly paid. …
What is Forensic Accounting? Definition, Types, and Services Read More »
