Author: Bob Steele CPA

Categories of Accounting – Financial Accounting & Managerial Accounting

Accounting is divided into two major groups; Financial Accounting & Managerial Accounting. Financial Accounting – What Needs To Be Known Financial accounting has the end goal of generating financial statements, financial statements designed with external user needs in mind. The aim of financial accounting toward external users may seem strange at first because financial data… Continue reading Categories of Accounting – Financial Accounting & Managerial Accounting

Federal court strikes down PTIN fees, upholds PTINs – See more at: http://www.journalofaccountancy.com/news/2017/jun/circuit-court-strikes-down-ptin-user-fees-201716814.html#sthash.K1ngPHUP.dpuf

D.C. District Court strikes down PTIN fees, upholds PTINs https://t.co/I3VoFUakjs — JournalofAccountancy (@AICPA_JofA) June 6, 2017 http://www.youtube.com/c/AccountingInstructionHelpHowToBobSteele http://accountinginstruction.com/ https://www.facebook.com/pg/AccountingInstructionhelp/videos/?ref=page_internal

Business Categorization

Business Categorization

There are many useful ways to separate and categorize business entities, one being by business form, by type of business structure, another being by a business’s relation to inventory,  whether the business is selling inventory and whether they produce the inventory they are selling. Three broad categories of business structure are a sole proprietorship, partnership,… Continue reading Business Categorization

HR tech: Virtual reality gives candidates a feel for culture at PwC

Wonder what it’s like to work at PwC? @alexamerschel talks about how VR gives jobseekers an inside look: https://t.co/1bDBt51stY — PwC US (@PwCUS) June 5, 2017 http://www.youtube.com/c/AccountingInstructionHelpHowToBobSteele http://accountinginstruction.com/ https://www.facebook.com/pg/AccountingInstructionhelp/videos/?ref=page_internal

Separate Business Entity Assumption

The separate business entity assumption means that the accounting for a business will be kept separate from the accounting for personal finances as well as from other businesses. The separation of business objectives helps provide users with information relevant to the business and therefore useful for decision making. Separating Business and Personal Objectives Allows Better Measurement… Continue reading Separate Business Entity Assumption

Global Economic Outlook, Q2 2017

What lies ahead for the world's major economies? Explore the latest issue of Deloitte's Global #Economic Outlook. https://t.co/zlNS1c0KiR — Deloitte (@Deloitte) June 3, 2017 http://www.youtube.com/c/AccountingInstructionHelpHowToBobSteele http://accountinginstruction.com/ https://www.facebook.com/pg/AccountingInstructionhelp/videos/?ref=page_internal