See CPA Exam.
See CPA Exam.
How do I learn more about the CPA Exam? Author: Harold Averkamp, CPA, MBA You can learn more about the Uniform CPA Exam at our free Accounting Career Center. Within our Accounting Career Center are direct links to the...
A designation awarded by one of 50 U.S. states or five jurisdictions to a college graduate who has passed the rigorous Uniform CPA Exam and has met the required work experience. See Accounting Careers.
These agencies establish the educational requirements and the eligibility of candidates desiring to sit for the Uniform CPA Exam. There is a board of accountancy in each of the 50 U.S. states plus five other...
More formally known as the Uniform CPA Examination. This rigorous, 14-hour, computer-based exam consists of questions developed by the American Institute of Certified Public Accountants. The exam is in English only and...
The Certified Management Accountant (CMA) Exam is a 13-hour, four-part exam on business analysis, management accounting and reporting, strategic management, and business application. The exam is administered through IMA,...
Can I take the CPA exam without having a bachelor degree? Author: Harold Averkamp, CPA, MBA You will need to inquire with your state or jurisdiction about its requirements to take or sit for the CPA Exam. Generally, you...
Can I take the CPA Exam with a bachelor's degree? Author: Harold Averkamp, CPA, MBA To be eligible for taking the CPA Exam you must meet the requirements of the board of accountancy in the U.S. state (or...
Where can I find free CPA exam questions? Author: Harold Averkamp, CPA, MBA We recently learned of the following website that offers free CPA exam questions: www.cpareviewforfree.com. This free CPA review site contains...
Will I be able to pass the CPA Exam after studying the accounting material on AccountingCoach.com? Author: Harold Averkamp, CPA, MBA AccountingCoach.com contains introductory accounting material. While you need to master...
How do I study for an accounting final exam? Author: Harold Averkamp, CPA, MBA Here are the AccountingCoach suggestions for studying for an accounting final exam (or other introductory financial accounting exams). Try...
See certified public accountant.
Is it a requirement for a small business to have a CPA? Author: Harold Averkamp, CPA, MBA Generally, a small business is not required to have a CPA or certified public accountant. A CPA would be needed if the small...
a 3.4 GPA in a college where only 20% of the grades awarded are A’s. In short, the GPA needed to be hired by a CPA firm will depend on the philosophy, size, and clients of the CPA firm. The required GPA will also...
leadership and other skills has a vibrant campus placement or career services office with a track record of placing accounting students in the professional positions that you seek. Here’s my point. What if many of the...
See quick ratio.
On account. Goods purchased with terms of net 10 days, net 30 days, or 2/10, net 30 are goods purchased on credit. Goods sold with similar terms are sales on credit.
The sales invoice or bill issued by a vendor and received by the buyer. The customer will also refer to the supplier invoice as the vendor invoice.
Classifying expenses according to the type of work such as selling, administration, general, and financing.
The provider of goods or services. Also known as the vendor.
The leading accounting and bookkeeping software for small businesses in the United States. QuickBooks is the registered trademark of Intuit Inc.
The withdrawal of business cash or other assets by the owner for the personal use of the owner. Withdrawals of cash by the owner are recorded with a debit to the owner’s drawing account and a credit to the cash...
The benefit foregone by choosing another course of action. Also known as the opportunity cost. The lost opportunity is sometimes measured by the lost contribution margin (sales minus the related variable costs).
exam questions? What is the difference between a bookkeeper and an accountant? What are some of the accounting courses in a college accounting degree? What is the difference in salaries between a bookkeeper and an...
Bookkeeping Video Training Download Video Download Audio Author: Harold Averkamp, CPA, MBA Part 6 Adjusting entries: recorded in the general journal, deferral of prepaid expenses Open the PDF Handout for all 13 parts...
Seventeen years ago I earned an accounting degree. How should I proceed to become a CPA? Author: Harold Averkamp, CPA, MBA To pass the CPA Exam you will need to review all that you had learned plus get current on...
class Understand your small business finances Watch the Video Featured Review "I have a BA in accounting and economics, and have passed all four parts of the CPA exam (back when there were still essays required on...
What is the acid test ratio? Author: Harold Averkamp, CPA, MBA Definition of Acid Test Ratio The acid test ratio, which is also known as the quick ratio, compares the total of a company’s cash, temporary marketable...
A term used in accounting that refers to employees’ time off with pay for vacations, holidays, and sick days. Companies that are obligated to pay for these days off are required by the matching principle to record...
A check often referred to as an NSF check, a rubber check, or a check that bounced. It is a check that was not paid by the bank of the issuer (writer) of the check because the checking account of the issuer did not have...
What is an asset's useful life? Author: Harold Averkamp, CPA, MBA Definition of Asset’s Useful Life An asset’s useful life is the estimated period of time (or total amount of activity) that a long-lived asset...
What is a credit? Author: Harold Averkamp, CPA, MBA Definition of a Credit In bookkeeping and accounting, a credit likely refers to the amount entered on the right side of a general ledger account or to the right side of...
In least squares regression, what do y and a represent? Author: Harold Averkamp, CPA, MBA Here are the meanings of the components or symbols used in the least squares equation of y = a + bx: y is the dependent variable,...
What is the purpose of subsidiary ledgers? Author: Harold Averkamp, CPA, MBA Definition of Subsidiary Ledger A subsidiary ledger contains the details to support a general ledger control account. For instance, the...
Why is income received in advance a liability? Author: Harold Averkamp, CPA, MBA Definition of Income Received in Advance Under the accrual method of accounting, when a company receives money from a customer prior to...
small business finances Watch the Video Featured Review "I have a BA in accounting and economics, and have passed all four parts of the CPA exam (back when there were still essays required on the exam). However, I...
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