Best Accounting Certifications: CPA, CFA, CMA, EA, CIA

best-accounting-certifications

Choosing the best accounting certification for your career will open the doors to many opportunities that you wouldn’t have access to. The right accounting credential will propel your career forward and allow you to increase your job performance, professional position, and compensation. The problem is that there are so many different certifications for accountants that … Read more

Inventory

What is Inventory? Definition: Inventory, often called merchandise, refers to goods and materials that a business holds for sale to customers in the near future. In other words, these goods and materials serve no other purpose in the business except to be sold to customers for a profit. They are not used in the produce … Read more

Accounts Receivable

What is Accounts Receivable?

What is Accounts Receivable? Definition: Accounts receivable, often abbreviated A/R, is the amount of money that customers currently owe to the company for goods or services that were purchased on credit. Many companies offer credit programs to customers who frequent the business or suppliers who regularly order products. The purpose of credit program is to … Read more

Cash and Cash Equivalents (CCE)

What are Cash and Cash Equivalents? Definition: Cash and cash equivalents are highly liquid assets including coin, currency, and short-term investments that typically mature in 30-90 days. CCE is actually two different groups of very similar assets that are commonly combined because they are so closely related. Let’s take a look at each one of these … Read more

Current Assets

What are Current Assets? Definition: A current asset, also called a current account, is either cash or a resource that are expected to be converted into cash within one year. These resources are often referred to as liquid assets because they are so easily converted into cash in a short period of time. Take inventory … Read more

Assets

What are Assets in Accounting? Definition: An asset is a resource that has some economic value to a company and can be used in a current or future period to generate revenues. These resources take many forms from cash to buildings and are recorded on the balance sheet until they are used. Once these resources are … Read more

CPA Salary & Compensation

cpa-salary

How Much Do Certified Public Accountants Make? Average Certified Public Accountants (CPA) salaries range from $50,000 to $150,000 depending on the size of the firm and position of the employee. CPAs are fortunate in that they can be relatively assured of job security even in the most turbulent of economic times. Businesses, as well as … Read more

CPA vs. CFA | Which is Better for Your Career?

cpa-vs-cfa

A common question is: What is the difference between and CPA and a CFA? Both certifications require a highly-specialized knowledge base, work experience (individual state requirement) and successfully passing multiple parts of a very difficult examination. Both types of professionals are bound to a high level of ethics. Their work responsibilities involve fiduciary responsibility of … Read more