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Accounting Principle vs. Accounting Estimate: What's the Difference?
Learn how to differentiate between a change in accounting principle and a change in accounting estimate. How should accountants treat each change?
Mark-To-Market Accounting vs. Historical Cost Accounting: What's the difference?
Historical cost accounting and mark-to-market, or fair value, accounting are two methods used to record the price or value of assets.
Financial Accounting vs. Managerial Accounting
There are a few main differences between financial accounting and managerial accounting, including why one is highly uniform and the other unique.
What is the difference between accrual accounting and cash accounting?
Understand the differences between the two basic methods of accounting commonly used by businesses: cash accounting and accrual accounting.
Principles-Based Accounting vs. Rules-Based Accounting
There has been much debate on whether principles-based accounting is more efficient than the popular rules-based accounting.
When Is Accrual Accounting More Useful Than Cash Accounting?
The accrual accounting method is more useful when a person or company is trying to understand the performance of a business over a specified time period.
Accrual Accounting vs. Cash Basis Accounting: What's the Difference?
Accrual and cash-basis methods recognize revenue and expenses at different times. Here are the advantages and disadvantages of each method.
How does US accounting differ from international accounting?
GAAP is considered to be rules-based, where rules are made for specific cases and do not exactly represent a larger principle. IFRS is principles-based.
Accounting is the process of recording, summarizing, analyzing, and reporting financial transactions of a business to oversight agencies, regulators, and the IRS.
The 7 Best Accounting Software for Nonprofits of 2020
Financial tools for your organization’s success. We identified the best accounting software for nonprofits based on price, features, and useability to help you better manage your organization.