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Bookkeeping

Construction-in-Progress-Accounting & Why Your Business Needs It

November 18, 2024mfaproject Leave a Comment

Accurate financial data supports better decision-making at both the project and organizational level. Kelsie is a Senior Strategic Product Consultant for general contractors at Procore; working closely with civil and infrastructure clients. Kelsie holds a Masters of Business Administration (MBA)… Continue Reading →

Bookkeeping

What Is a COO? Chief Operating Officer Explained

October 22, 2024mfaproject Leave a Comment

This might involve setting key performance indicators (KPIs) that reflect both operational efficiency and financial performance, allowing the organization to track progress and make informed decisions. Regular joint meetings can facilitate this alignment, ensuring that both executives are on the… Continue Reading →

Bookkeeping

Megan Cummins Shark Tank Success Story: From Pitch To Post-Shark Tank Journey

October 14, 2024mfaproject Leave a Comment

Following her appearance on Shark Tank, Megan received several partnership offers from interested investors. These partnerships provided her with the necessary resources and expertise to expand her product line and reach new markets. The financial support and guidance from these… Continue Reading →

Bookkeeping

Stocks vs Bonds: Differences in Risk and Return Make a Case for Both

July 23, 2024mfaproject Leave a Comment

A well-diversified portfolio often contains a mix of both, offering a balance between risk and return. Ultimately, the choice between bonds and stocks should be an informed decision based on comprehensive knowledge, sound advice, and individual investment goals. Stocks are… Continue Reading →

Bookkeeping

Music industry accounting: List of all Music Job Types with Descriptions

April 6, 2023mfaproject Leave a Comment

Articles are based on current or proposed tax rules at the time they are written and older posts are not updated for tax rule changes. We expressly disclaim all liability in regard to actions taken or not taken based on… Continue Reading →

Bookkeeping

16 small business accounting tips

November 22, 2022mfaproject Leave a Comment

Moreover, ensure to keep track of all invoices Accounting for Churches sent and payments received. Tools like Invoicera allow you to generate reports, monitor outstanding payments, and follow up with clients on overdue invoices or disputes. You can use calendar… Continue Reading →

Bookkeeping

How to Calculate Manufacturing Overhead Costs: A Detailed Guide for Businesses

September 21, 2022mfaproject Leave a Comment

Overhead costs are included in the cost of goods sold (COGS) on the income statement, which directly impacts gross profit margins. Misallocation can lead to misstated financial results, affecting investor perceptions and potentially leading to regulatory scrutiny. By using departmental… Continue Reading →

Bookkeeping

Benefits of CMA: Top Reasons To Become a CMA

March 30, 2022mfaproject Leave a Comment

You will have four hours to complete each part of the exam—three hours for multiple-choice and one hour for the essays. The US CMA exams are conducted thrice a year, with courses and study material available online and offline. This… Continue Reading →

Bookkeeping

Accumulated Depreciation: Definition, Formula, Calculation

March 30, 2022mfaproject Leave a Comment

The balance sheet reports the assets, liabilities, and owner’s (stockholders’) equity at a specific point in time, such as December 31. The balance sheet is also referred to as the Statement of Financial Position. Things that are resources owned by… Continue Reading →

Bookkeeping

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