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211 results for "John A. Tracy, CPA"
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Certified Public Accountant
Certified Public Accountant
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Auditing-World Heavyweights: The Big Four CPA Firms
Many CPAs form partnerships (also called firms). A CPA firm must be large enough to assign enough auditors to a client so that all audit work can be completed in a relatively short period — financial reports [more…]
Found in: Business Operations -
Can You Trust Financial Statement Numbers?
Many businesses don’t put much effort into keeping their accounting systems up to speed and they skimp on hiring competent accountants. In short, there is a risk that the financial statements of a business [more…]
Found in: Financial Statements -
How to Read a Business Balance Sheet
When you read through your business's balance sheet, like the balance sheet shown in this figure, you may notice that it doesn’t have a "punch line" like the income statement does. You can’t look at just [more…]
Found in: Financial Statements -
Considering Careers in Accounting
Careers in accounting are diverse and can be lucrative. In our highly developed economy, many people work in accounting-related fields. In fact, nearly 2 million people make their living as bookkeepers [more…]
Found in: Accounting Basics -
How Auditors Discover Fraud, or Not
Auditors have trouble discovering fraud for several reasons. The most important reason is that those managers who are willing to commit fraud understand that they must do a good job of concealing it. [more…]
Found in: Risk, Errors & Fraud -
The Newest Career in Accounting, the Chartered Global Management Accountant (CGMA)
Recently the American Institute of CPAs (AICPA) and the Chartered Institute of Management Accountants (CIMA) in the United Kingdom and the Republic of Ireland joined forces to sponsor and promote a new [more…]
Found in: Accounting Basics -
How to Decide Whether Your Business Needs an Audit
Audits provide the opportunity for a second set of eyes (usually those of a certified professional accountant) looking over your business’s accounts. An annual audit of your business may be a requirement [more…]
Found in: Basic Procedures -
Leaving Good Audit Trails in a Bookkeeping System
Good bookkeeping systems leave good audit trails. An audit trail is a clear-cut path of the sequence of events leading up to an entry in the accounts. An accountant starts with the source documents and [more…]
Found in: Business Operations -
Primary Reasons for Budgeting in a Business
Budgeting demands a fair amount of managers’ time and energy. So why should a business go through the time and effort of budgeting? Business managers budget and prepare budgeted financial statements for [more…]
Found in: Business Operations -
What's in an Auditor’s Report: Opinions, Good and Bad
An auditor's report says that the business uses proper accounting methods and its financial report provides adequate disclosure — or not. When the auditor finds fault with the accounting or financial disclosure [more…]
Found in: Business Operations -
Comparing Financial Reports from Private and Public Businesses
If you were to compare annual financial reports of publicly owned corporations with annual reports of privately owned businesses, you’d discover many differences. Public companies are generally much larger [more…]
Found in: Preparing the Books -
How to Read an Auditor's Report
Your business's financial statement audit report can give your business a clean bill of health, or the auditor's report may state that your financial statements are misleading and should not be relied [more…]
Found in: Basic Procedures -
Accounting For Dummies Cheat Sheet
Accountants "keep the books" of businesses, nonprofits, and government entities by following systematic methods that record all financial activities. If you invest your hard-earned money in a private business [more…]
Found in: Accounting -
Financial Statement Q&A
Accounting information is presented in the form of financial statements that are packaged with other information, such as explanatory footnotes and a letter from top management, in what is called a [more…]
Found in: Financial Statements -
Accounting Workbook For Dummies Cheat Sheet
As a business manager, taking care of your company’s accounting needs is top priority. Correctly preparing a financial statement involves knowing all the information that needs to appear on the statement [more…]
Found in: Accounting -
How to Hire the Right Accountant for Your Business
A business's bookkeeper or accountant should have the skills and knowledge that he or she needs to perform the required functions. If you're going to hire an accountant, you need to know what qualifications [more…]
Found in: Accounting Basics -
Examining a Balance Sheet Model for a Business
The balance sheet is one of the primary financial statements prepared for businesses. Examining a balance sheet model for a fictional company can help you to understand the content and structure of a typical [more…]
Found in: Accounting Basics -
How to Hire Competent, Trained Accounting Personnel
Bookkeepers and accountants, like all other employees in a business, should have the skills and knowledge needed to perform their functions. You shouldn’t try to save a few bucks by hiring the lowest-paid [more…]
Found in: Business Operations -
Including Adequate Disclosures in Your Financial Report
A financial report needs to include disclosures of important financial information about the business, as well as financial statements. The term disclosures [more…]
Found in: Financial Statements -
Small Business Financial Management Kit For Dummies Cheat Sheet
Managing the finances of a small business is a multi-layered task. You need to become familiar with standard financial documents, pay attention to profits, and make the most of the business’s assets. And [more…]
Found in: Accounting -
The Importance of a Bookkeeping Audit Trail
Good business bookkeeping systems leave good audit trails. An audit trail is a sequence of events leading up to a bookkeeping entry in your business's accounts. You start with the source documents and [more…]
Found in: Preparing the Books -
Setting a Budget for Your Business
Budgeting for a business requires you to set specific goals and develop a plan to achieve them. A business budget is an integrated plan of action for your business — not simply slap-dashing together a [more…]
Found in: Accounting Basics -
Classes of Stock Shares in a Business
Before you invest in stock shares, you should ascertain whether the corporation has issued just one class of stock shares. A class is one group, or type, of stock shares all having identical rights; every [more…]
Found in: Business Operations -
Why Financial Statements Differ for a Business
The accounting method that a business chooses has an impact on the bottom line for the business’s financial statements. For example, a company may use aggressive accounting methods that boost recorded [more…]
Found in: Financial Statements -
Understanding Where Profit Goes in a Corporation
In order to understand where the profit goes in a corporation, it helps to look at specific examples. The partners or shareowners of a business are entitled to a share of the business’s profit — but they [more…]
Found in: Business Operations
