An accounting audit performs a necessary function of assuring that a company not only is being truthful in its financial reporting but also that the company's operations are working as intended.

What is the main function of cost accounting? Internal cost controls and efficiency are meant to be improved using cost accounting. It should report, analyze, and be used to improve cost controls.

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. For example, does a Series A company always need less finance and accounting support than a ...

Many businesses use some form of management accounting, whose functions include budgets, cost allocation methods and cost-volume-profit or break-even analysis. Strategic management accounting goes ...

All companies are required to complete some level of accounting; however, not all companies require the same level of detail or sophistication. We tend to see businesses use the terms bookkeeper, ...

Running a successful government is no simple task and often requires juggling many moving parts. Whether at a local, state or federal level, one way to alleviate some of the many stressors government ...

Shortly after we had started our consulting firm, Whitestone Partners, we began an engagement with a home healthcare business. As we do in almost all of our engagements, we asked to see the company's ...

A number of years ago Deloitte (UK) released a white paper titled “ Financial Planning and Analysis – The Next Frontier of Business Process Outsourcing? ” which explored the possibility of outsourcing ...

The Chartered Institute of Management Accountants has launched a new initiative to drive the digitisation of accounting and finance functions. The Chairman, CIMA, Nigeria, Mr Seyi Olanrewaju, at the ...