Accounting Tests (Free)
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Financial Accounting Tutorials
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Introduction to Accounting
2 questions available -
Accounting for Accruals
2 questions available
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Double-entry Accounting System
2 questions available -
Accounting in Merchandising Companies
2 questions available
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Accounting for Inventories
2 questions available -
Introduction to Internal Controls
2 questions available
Managerial Accounting Tutorials
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Accounting Cost Behavior
2 questions available -
Accounting Cost-Volume-Profit Analysis
2 questions available
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Manufacturing and Nonmanufacturing Costs
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Direct Costs in Standard Costing
2 questions available
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Profitability and Coverage Analysis
2 questions available
Advanced Accounting Lectures & Articles
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How to prepare bank account reconciliation
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How to prepare general ledger to sub-ledger reconciliation
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Physical inventory procedures
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Activity-based management (ABM)
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How to accrue for and record utility expenses
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How to prepare balance sheet
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How to account for land improvements
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Payroll accounting and examples
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Two ways of accounting for prepaid expenses
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Accounting and procedures for petty cash
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How to account for customer returns
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Helpful tips on cash management and controls
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How to calculate accrued payroll
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Accounting for consigned goods
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Effective interest rate in the context of loans
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Chart of accounts in business accounting
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How to recognize revenue when rights of return are present
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Percentage-of-sales approach and percentage-of-receivables approach
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Accounting for repair and maintenance costs
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Accounting for delinquency fees and prepayment fees
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When are expenses recognized?
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How to analyze accounts receivable
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To capitalize or to expense
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Accounting for short-term investments
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Accounting for obsolete inventory
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Accounting for advances to employees and officers
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Accounting for common stock issuance
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How to account for an increase in the useful life of a fixed asset
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How to estimate the useful life of a fixed asset
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Accounting record keeping policies and procedures
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Accounting for consignment inventory at a buyer’s warehouse
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Use of salvage value in declining balance depreciation methods
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Accounting for unusual account balances and offsetting
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Lease accounting for escalating rent payments or rent holidays
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Short and long-term classification of certain assets and liabilities (Part I)
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Short and long-term classification of certain assets and liabilities (Part II)
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Accounting for deferred financing costs
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Discounted cash flow information and application
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Description of job costing in accounting
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Description of process costing in accounting
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Basics of partnership accounting (Part I)
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Basics of partnership accounting (Part II)
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Introduction to non-for-profit accounting
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Basics of accounting for foreign currency transactions
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Introduction to accounting for preferred stock
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Bond accounting principles
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Corporate financial statements and reports (Part I)
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Corporate financial statements and reports (Part II)
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Revenue recognition methods for installment sales
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Overview of the accounting profession
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Equity investment accounting methods
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Segment reporting
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Aging of accounts receivable and bad debt expense
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What is an intercompany reconciliation?
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Accounting Questions & Answers (Q&A)
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What are FOB shipping terms?
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What is construction in progress (CIP)?
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What are differences between current and non-current assets or liabilities?
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What are differences between creditors, debtors, crediting and debiting?
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What are intangible assets?
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How to account for sales taxes?
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What is the meaning of accrued in accounting?
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What do negative cash balances mean?
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What is restricted cash and how to present it?
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What is cookie jar accounting?
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What are contingent liabilities?
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What are defined benefit and defined contribution pension plans?
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What is unearned (deferred) revenue?
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What are basic accounting principles and assumptions?
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What are advantages of computerized accounting?
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How is bookkeeping different from accounting?
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What are absorption, variable, and throughput costing approaches?
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What are International Financial Reporting Standards (IFRS)?
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What do 2/10, n/30 invoice terms mean?
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Differences between cash dividends and stock dividends
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What differences exist between balance sheet and trial balance?
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What is difference between accounting and auditing?
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What is operating period in accounting?
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What are Generally Accepted Accounting Principles (GAAP)?
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What is price-to-book ratio?
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What are convertible debt securities?
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What is limited liability company?
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What is stale check?
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How to account for customer's advance payment?
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How to account for bank deposits?
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Where are dividends presented on balance sheet?
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What is reorder level of stock?
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What accounts are not closed at period end?
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When is physical inventory usually taken?
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What are long-term accruals?
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Why isn't variable costing used for financial reporting?
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What is bill of materials?
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What does indorsement mean?
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What is window dressing in accounting?
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Who is the father of modern accounting?
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What is the relationship between accounting period assumption and matching principle?
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What is the relationship between effective interest rate and compound interest?
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What is goodwill in accounting?
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What are acquisition costs in purchase accounting?
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What are the differences among accounting revenue, gain, and net income?
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What are the budget types in accounting?
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What is payback period?
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What are non-operating revenues and expenses?
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What is residual income in accounting?
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What is the total cost concept in managerial accounting?
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What is incentive compensation?
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What are career opportunities in accounting?
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What is the quality of earnings in accounting?
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What is Sarbanes-Oxley Act (SOX)?
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What are the exceptions to basic accounting principles
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What are retained earnings?
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What are debt covenants?
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What are discretionary costs?
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What are the qualities of accounting information?
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What is operating leverage?
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What is stock split?
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What is the cost of quality in accounting?
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What are operating activities in accounting?
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What is the difference between investing and financing activities?
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What is the difference between financial and managerial accounting?
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What are long-term liabilities?
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What is the quality of income?
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What is the relative value of growth?
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What are reversing journal entries?
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What are the valuation approaches to measure intangible assets?
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What is production budget?
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Significant accounting policies in financial statements
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What are notes receivable?
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What are the types of working capital?
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How to account for the payment of income taxes
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Accounting for self-constructed fixed assets
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What is IRS classification of tax-exempt organizations
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Leasehold improvements and their amortization
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What are sunk costs in accounting?
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What is the impact of not depreciating fixed assets?
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Accounting for donated fixed assets
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What types of subsidiary ledgers are used in manufacturing companies (Part I)?
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What types of subsidiary ledgers are used in manufacturing companies (Part II)?
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What is a fixed asset rollforward?
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What are special journals in accounting?
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Accounting for preproduction costs related to long-term supply arrangements
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Accounting for prepaid insurance with fully quoted annual premiums
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Accounting for bank and book overdrafts and their cash flow presentation
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Accounting for standard and extended warranties
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Description of lapping schemes and internal controls to help avoid them
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What is par value of a stock?
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The closing process and Income Summary account
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Cost of capital (Part I) – Theory and concepts
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Cost of capital (Part II) – Practical applications
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The CPA exam
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Basic and diluted earnings per share (EPS)
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Description of discontinued operations in accounting
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Basics of accounting for treasury stock transactions
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Extraordinary items in accounting
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Accounting for research and development costs
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Accounting for business-owned life insurance policies
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Derivatives and hedging
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Accounting for nonmonetary exchanges
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Should fixed assets in pre-operating periods be depreciated?
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Accounting for stock subscriptions
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Treatment of warehousing and similar costs
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Basics of accounting for stock options
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Capital lease accounting by lessee
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Capital lease accounting by lessor
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Accounting for sale-leaseback transactions
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Component and group depreciation
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Accounting for appropriated retained earnings
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Is depreciation a direct or indirect expense?
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Accounting for unusual dividends
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Introduction to early debt extinguishment
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What are progress billings for long-term projects?
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Principles of long-term contract accounting
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Introduction to variable interest entities (VIE)
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Consolidation, equity method accounting and cost accounting for investments
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Basics of quasi-reorganizations in accounting
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Troubled debt restructuring in accounting
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How deferred taxes are presented in the cash flow statement
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Can intangible assets be created based on a valuation report?
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The nature of warrants in accounting and finance
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The way economies of scale work
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Introduction to internal controls
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Interest capitalization during fixed asset construction
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Basics of accounting for convertible bonds
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Make or buy decisions
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Revaluation of fixed assets under US GAAP
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Basics of stock warrant accounting
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Which method of cash flow is the easiest and fastest to prepare
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The role and nature of internal audit
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Bargain purchases in business acquisitions
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Sensitivity analysis in accounting
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Confirmations and their use in accounting and auditing
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What income statement account is linked to inventory on the balance sheet?
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What is meant by materiality in accounting?
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Let’s talk about out-of-balance accounts in accounting
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Weaknesses of traditional costing
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Effect of CEO origin on accrual-based earnings management
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Accounting for trademarks
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How voluntary nonfinancial disclosure affects the cost of equity capital
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A different approach to activity-based costing (ABC)
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Why students select audit or tax in public accounting
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Let's talk about royalties in accounting
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Differences between a capital goods acquisition and a purchase of inventory
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How do accounts payable differ from expenses?
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What are the type of errors affecting financial statements?
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Does an inventory related accounting standard encourage overproduction?
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Most common accounting errors in nonprofit organizations
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Types of subsidiary ledgers and special journals
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Impact of material weaknesses in internal controls on operational performance
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How to use trend analysis in accounting?
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Examples of trend analysis in accounting and auditing
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Are audit fees lower when auditors trust management more?
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Types of debt securities in accounting
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Ten reasons working capital requirements can increase
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Periodic accruals of annual expenditures
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When and why to use flexible budgets
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Most popular accounting articles in 2015
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Different classifications of costs
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Example of customer profitability analysis using accounting data
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Accounts payable best practices
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Accounts receivable best practices
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Inventory best practices
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Fixed asset best practices
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The status of work-life balance issue in the accounting profession
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Does talent acquisition problem exist in internal auditing?
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Three-way match as an internal control
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Why companies need budgets
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Should we abandon the annual budget process?
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Rolling budgets as a supplement to annual budgets
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Are there changes in the work-life balance and attractiveness of public accounting?
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A few words about underreporting hours in audit firms
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Key performance indicators (KPIs) in accounting
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Briefly about balanced scorecards
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U.S. states with the highest salaries for accountants and auditors
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15 most popular articles on Simplestudies.com
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Cost-benefit analysis and accounting data
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Key performance indicators for accounting and finance departments
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Reasons and methods of cost estimation in accounting
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Best paying industries for accountants and auditors
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Cost estimation methods and an account analysis example
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Intercompany transfer pricing: methods, importance and taxation
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Intercompany transfer pricing: calculation methods and examples
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Micro profit centers as a younger sibling of cost, revenue, profit, and investment centers
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Nominal vs effective price: how effective price can be used to evaluate suppliers
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Pros and cons of an accounting career
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Cost hierarchy and opportunities for cost savings
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How to start an accounting career
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Time is money: employee time data and cost estimates
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Types of accounting degrees
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Doctoral degree in accounting: getting admitted in a PhD program
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Doctoral degree in accounting: life of an accounting doctoral student
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Doctoral degree in accounting: life of an accounting professor
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Different types of costing methods in accounting
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Different types of accounting classes and courses
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Fundamental analysis and accounting information
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Accounting academia: lecturer or professor?
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Performance measurement: Return on Investment (ROI) basics
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Cost of quality reporting in accounting
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Accounting Certifications: Certified Public Accountant (CPA)
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Accounting Certifications: Certified Internal Auditor (CIA)
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Business unit performance evaluation:
residual income basics
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Accounting Certifications: Certified Management Accountant (CMA)
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Cost objects and cost assignment in accounting
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