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FAQs Business Owners Need to Know About The 3 Essential Financial Reports

inDinero Accounting

If a business owner doesn’t understand an accounting term , we don’t use another accounting term to explain it. We specialize in accountants who speak business to business owners and CEOs. Sometimes there’s just no avoiding accounting speak. Financial Statement FAQs.

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Natural Disasters and Their Impacts on Resorts: Strategic and Insurance Accounting Considerations

Withum

Once this is completed, the team should determine efficient emergency evacuation plans, establish secured on-site or offsite storage sites for critical operating documents and information technology, evaluate existing and necessary insurance coverage, and consider the need for reserves to cover emergency repairs and insurance deductibles.

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ARE ALL ACCOUNTING SERVICES THE SAME?

Basis 365

DO THEY PERFORM ACCRUAL ACCOUNTING? Accrual accounting is an underrated accounting term that is not well known outside the industry. Without getting into an in-depth explanation, which it deserves, the overall concept is to try to match revenues with expenses so that the financials show some level of consistency.

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In Wake of Coronavirus, Takeovers (And Liabilities) Loom

PYMNTS

In accounting terms, that means eyeing possible write-downs of assets, and “write-ups” of liabilities. As reported by the site, having reviewed insurance documents, the organizer, GSMA, will “not be liable [to the sponsoring and attending companies] for any losses,” including those tied to communicable disease.