Frank Johnson is a staff writer for SchoolsGalore.com. is a web directory for the top online schools, colleges and universities in US and Canada; with the links to descriptions and search options for various online accounting programs and online accounting courses.
Property Management Accounting: A Survival Guide for Non-Accountants
Posted by: admin under Bookkeeping
Product Description
In this day and age, we’re lucky to have software that takes care of the nuts and bolts of property management accounting. But even with software, you’ll find it much easier to keep accurate records if you have an understanding of the basic accounting concepts upon which these programs are based. Buildium’s Property Management Accounting teaches you these concepts with property management specifically in mind. Don’t worry if you don’t have an accounting degree or… More >>
Property Management Accounting: A Survival Guide for Non-Accountants
Cost Accounting: A Managerial Emphasis, 13th Edition
Posted by: admin under Accounting
Product Description
KEY BENEFIT: Horngren’s Cost Accounting defined the cost accounting market and continues to innovate today by consistently integrating the most current practice and theory. This acclaimed, number one market-leading book embraces the basic theme of “different costs for different purposes.” It reaches beyond cost accounting procedures to consider concepts, analyses, and management. This latest edition of Cost Accounting incorporates the latest research an… More >>
Cost Accounting: A Managerial Emphasis, 13th Edition
Online Accounting Studies Possible via the Internet
Posted by: admin under Accounting
The global economic recession may have had an unfavorable effect on many fields of work all over the world; however, the need for competent accounting and financial services professionals is now greater than ever. An online bachelors/associate degree in accounting provides prospective and existing accountancy professionals a boost in their careers from the comfort of their own homes.
Online accounting programs have many benefits for prospective professionals, who can work around their schedules and gain valuable knowledge in order to improve their competency in accounting and open the doors to better opportunities. Generally accounting has varied applications for individual corporate business models; there are however some general areas in accounting that are widely recognized as being inherently and individually separated.
Types of Accounting
General Financial Accounting:
This is the recording, retrieval and summarization of corporate/individual financial data. This involves auditing, generating a periodic profit and loss summary, balance sheets and cash flow statements and includes the aspects relating to legal and business requirements.
Management Accounting and Open Book Accounting
This form of accounting is the representation of data and financial summaries for corporate financial decision makers. Open book accounting is an accounting principle to ensure accounting transparency in democratic organizations as well as others.
Tax Accounting:
This is corporate of individual accounting that is meant to ensure compliance with tax laws and regional tax regulations.
Financial Audits
Financial audits can be both internal and external. Internal accounting is similar to management accounting, as it also provides audit summaries to internal corporate decision makers. These audits are carried out by employees of the corporation itself. The external audit is the audit of a corporate entity by external ? independent auditor(s); auditors examine financial records and summaries in order to verify their adherence to generally accepted accounting principles (GAAP) and international financial reporting standards (IFRS).
Accredited Online Accounting Certifications
Traditional campus based and online accounting colleges and schools have recently been offering more customized study programs for students who wish to learn using blended courses and study-from-home programs. Here is a list of some of the major accountancy related programs available in online study formats from major colleges and universities. These courses are accredited and are being offered in a variety of blended/ online formats. Many of these courses mentioned vary in levels of practical versus theoretical knowledge, with emphasis on further opportunities in either the field itself as a professional, as an entrepreneur or in academia.
Online Graduate Programs in Accounting:
- Master of Science in Accounting – Master of Accountancy – MBA Accounting – MBA in Professional Accounting – MBA/Accounting and Finance – Master of Science in Accounting – Public Accounting/ Taxation
Online Undergraduate Program in Accounting:
- Bachelor of Science in Business Administration ? Accounting – Bachelor of Science in Accounting – Bachelor of Arts in Accounting – Bachelors of Arts in Organizational Management / Managerial- Accounting – Bachelors of Science in Accounting in Public-General Accountancy/ Tax Accountancy/ Auditing-Forensic Accountancy – Bachelors of Science in Multidisciplinary Studies – Accounting
Online Associate programs in Accounting
Associate of Science in Accounting Associate of Arts in Accounting Associate of Applied Science in Accounting – Financial Accounting/ Financial Investigation/ Banking Associate of Science in Business- Accounting
Resource Area:
DISCLAIMER: Above is a GENERAL OVERVIEW and may or may not reflect specific practices, courses and/or services associated with ANY ONE particular school(s) that is or is not advertised on SchoolsGalore.com.
Copyright 2007 – All rights reserved by Media Positive Communications, Inc.
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Outsource Your Accounting
Posted by: admin under Accounting
Owners/CEOs of mid size enterprises have two challenges:
(a) Facilitate growing their enterprises without compromising on the “nimble footedness” that got them to where they are and yet put in place processes that are absolutely necessary to enable to the business handle volumes far bigger than their current size; and
(b) Keep costs trimmed and aligned to business volumes
In other words, be capable of growing with processes that are necessary to scale up; and yet remain profitable without ballooning overheads.
Outsourcing your back office processes, especially accounting services, is a step in the right direction. Increasing pressure on profits is driving more and more midsize enterprises to look at outsourcing to cut costs and improve competitiveness in market place; something that Fortune 500 enterprises have been doing with success for the last ten years.
Can accounting be outsourced?
You would be surprised at how easy it is to outsource accounting.
o You keep your accounting system in your computers in your premises.
o You scan all incoming documents and store them as digital images.
o Your accountants, located outside your enterprise, access your computers in a safe/secure way, read the documents, process them according to your business rules and update your accounting records.
o When you enter your office, your inbox contains reports that you can print and read; checks you should print and sign; and queries that require resolution.
Just that simple!
Your first decision: What to outsource?
Your finance function comprises:
(a) CFO function focused on maximizing stockholder wealth by helping you make right decisions on pricing, resourcing, investment, funding and dividends; by ensuring your business generates the anticipated cash and this cash is deployed in the right direction
(b) Management accounting who help you plan the business; provide analytical support
(c) Treasury which manages the cash and
(d) Financial accounting which
a. maintains the books of accounts,
b. processes sales orders, sales invoices and receipts; monitors accounts receivable
c. processes supplier invoices and payments; monitors accounts payable
d. processes payroll, expense claims etc
e. prepares financial statements and other internal reports
Financial accounting (or any part of it) can easily be outsourced. This would step up service quality. A hare that runs for its life always runs faster than a lion running for its lunch; independent third parties would always be more focused on service (without losing emphasis on control) than in house accountants.
Your second decision: Who should do your work?
You should look for someone with experience in serving midmarket enterprises. TaurusQuest (www.taurusquest.com) have unique strengths here.
TaurusQuest have a track record in serving midsize enterprises in the United States; and have been ranked 4th worldwide in providing finance/accounting services to midsize enterprises by the Black Book of Outsourcing.
We understand small and mid market enterprises better:
CEOs of mid market enterprises are looking at outsourcing of back office processes as a strategy to remain competitive (against larger players and peers) and protect their margins.
If you are a mid market enterprise, you need to be twice careful in the choice of your vendor for outsourced services. The vendor should understand the need for the enterprise to be flexible and nimble footed in managing the processes and provide an entrepreneurial understanding of your opportunities.
We at TaurusQuest understand small and mid market enterprises better. We recognize that upfront investments need to be small; value realization should be reasonably quick; processes may not necessarily be structured and disciplined.
We have a track record of success in growing with our customers in this segment.
We have been placed fourth worldwide for customer satisfaction and operational excellence in our most important business: providing accounting services to mid market enterprises by a US based publisher of global league tables based on independently conducted customer surveys for 2007.
We were awarded this when we were at the finance/accounting services division of Quscient; now we are an independent corporate entity
We consider this a testimony to our credentials for “delighting” our customers.
Accounting services that can be outsourced:
A wide range of accounting services including: