Bookkeeping

Understanding Dividends: Types, Accounting, and Financial Impact

According to a study published in the August 27, 2010 edition of The Wall Street Journal, high-cost vs. low-cost mutual funds have differing rates of return. Intelligent investing can be described as understanding and keeping track of how conditions change over time. A good investment is not only based on the current market but also […]

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Nonprofit Accounting Basics for Founders, Board Members & Executives

Within your nonprofit, you might have an internal role as your bookkeeper and choose to hire a separate accountant. You can also outsource the accounting nonprofit accounting function to a firm to collaborate with your bookkeeper. Internal controls don’t mean that you don’t trust your organization’s staff members. Nonprofit Statement of Cash Flows Since your

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Illustrative examples Statement of financial position, statement of comprehensive income, and statement of changes in equity

The statement of comprehensive income is one of the five financial statements required in a complete set of financial statements for distribution outside of a corporation. One of the major shortcomings of the statement of comprehensive income is that it cannot forecast a company’s future success. The income statement will reflect operational patterns from year

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