Introduction to Plant Assets Financial Accounting

While ASC normal balance 360 applies specifically to long-lived assets, IAS 36 has a broader scope covering all assets. ASC 360 uses a two-step impairment test, while IAS 36 uses a one-step approach. All entities that follow US GAAP—including public companies, private businesses, nonprofits, and government entities—are required to comply with ASC 360. With CPCON … Read more

Accounting Consultant Job Description, Key Duties and Responsibilities

They are experts in financial analysis, reporting, and strategic planning. With their in-depth knowledge and experience, accounting consultants provide valuable insights to clients, assisting them in making informed decisions that drive growth and maximize profits. As an Accounting Consultant Administrative, you will provide clients, companies, and individuals with services that help them analyze their financial … Read more

501c3 Organization Easy English Wikipedia, The Free Encyclopedia

Firstly, the organizational structure must be established as a nonprofit entity, making certain that it is operated for charitable purposes 501c3 organization Wikipedia and not for revenue. They must function primarily for charitable purposes and guarantee their actions do not promote political agendas. This classification fosters belief amongst donors, encouraging a tradition of philanthropy. Organizations … Read more

The Pros & Cons of QuickBooks Online vs Desktop

Automatic updates are another benefit—you’re always running the latest version with the most recent security patches (QuickBooks Online vs. QuickBooks Desktop). This signals a broader shift towards the cloud-based QuickBooks Online. This can be time-consuming, especially if you’re busy managing other aspects of your business. This hands-off approach frees you to focus on your business, … Read more

10 Benefits of Using ACH Payments for B2B Transactions

Consider consulting an ISO partner who can provide expert guidance tailored to your specific business needs. An experienced ISO (independent sales organization) can help you navigate digital B2B payment solutions with personalized recommendations and support. By partnering with Backd, ISOs can offer lending and B2B payment solutions to their customers. While digital transformation continues to … Read more