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Accounting Terms You Should Know

Patriot Software

You may not know many terms used in accounting. To better understand your business’s finances, you may want to review a few basic accounting terms. To help you get started, below are explanations of common accounting terms. Common accounting terms Review […] READ MORE.

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A look at some key accounting terms (and glossary) for the not-for-profit sector

Accounting for Good

The post A look at some key accounting terms (and glossary) for the not-for-profit sector first appeared on ACCOUNTING FOR GOOD.

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Bookkeeping and Accounting Terms: Relevant and Reliable Information

IgniteSpot

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Unlocking the Language of Accounting: Understanding Common Terms

SMBAccountant

Understanding these common accounting terms is essential for sound financial management and decision-making in business. Gross Profit and Gross Margin Gross profit represents total revenue minus the cost of goods sold, while gross margin measures the proportion of revenue that exceeds the cost of goods sold.

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What is an Overhead Expense?

MazumaBusinessAccounting

We often get asked to explain the ins and outs of financial reports and have found that providing our favorite clients with a working knowledge of accounting terms is helpful. Their skills are varied and they have a wide variety of talents. With that end in mind, we’re sharing that expert knowledge with you.

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SEC Slaps CohnReznick and Three Partners with Improper Professional Conduct

Going Concern

According to the SEC’s order, CohnReznick improperly accepted Sequential’s conclusion that its goodwill, an accounting term for the excess amount paid to acquire a company over its book value, was not impaired or reduced in value, in the third quarter of 2017. CohnReznick’s $1.9 million penalty will be returned to investors.

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How to Make Sense of Your Small Business Financial Reports

MazumaBusinessAccounting

No matter how you go about it, you can always come back here and look for those key accounting terms explained – we have a word of the week posted here on the site and you can learn about the first one, income statement, right here. Be Consistent in Reviewing Your Financials.