Bookkeeping

Discontinued operations must be disclosed on the income statement in the period they occur. When management decides to sell a portion of the business, this creates a contingency because the exact gain or loss amount is usually unknown until the transaction finalizes. This accounting glossary has been reviewed by certified CPAs with over 20 years […]

This individual or group can make sure there is interest, engagement, and commitment for the project, as well as sufficient budget. They also will want to drill down into specific user needs and how resources will be allocated before, during, and after implementation. Lastly, there may be an opportunity to earn cash back on AP