Understand U.S. Accounting and Auditing Standards Now
What accounting and auditing standards do accountants follow in the United States? And who issues them? Understanding these standards…
How to Address Accounting Changes and Errors with GASB 100
Does your government ever have accounting changes or error corrections? If yes, know that GASB 100, Accounting Changes and…
A Powerful Control: Reconciling Balance Sheet Accounts Before Close
In this article, I explain why you need to reconcile balance sheet accounts before closing your books. Reconcile Balance…
How to Understand Special Purpose Accounting Frameworks: Three Videos
In this post, I provide three videos explaining these bases of accounting: (1) cash basis, (2) modified cash basis,…
Understand Deferred Outflows and Deferred Inflows in Governments (with Video)
GASB 63 and 65 provide guidance regarding deferred outflows and inflows in governments. This article provides an overview of…
Compensated Absences Simplified: Navigating GASB 101 Requirements
GASB issued Statement No. 101, Compensated Absences, and updated the recognition and measurement guidance for compensated absences to better…
How to Understand Nonprofit Financial Statements: A Video Overview
Nonprofit financial statements are unique and can be confusing to understand. The Financial Accounting Standards Board (FASB) provides the…
Journal Entries Made Easy: New Bookkeeping Book on Amazon
Journal Entries Made Easy, an Introduction to Accounting is my new book available on Amazon. Are you an accounting…
Eight Types of Accounting Journal Entries
In this article, I provide eight different types of accounting journal entries. Understanding journal entries is critical to understanding…