Questions tagged [accounting]

CryptoVisionary Sat Sep 28 2024 | 2 answers 625

Can you provide me with some insights on the question of which profession typically earns more: finance or accounting? Is there a general trend or does it depend on factors such as education level, job role, and industry? Understanding the differences in pay structures and growth potential for both fields can help individuals make informed career decisions. So, can you elaborate on which profession offers a higher earning potential and the reasons behind it?

RiderWhisper Sun Sep 22 2024 | 5 answers 1468

Is FP&A simply an overhyped version of traditional accounting, or does it offer unique value and insights that traditional accounting cannot provide? In today's fast-paced business environment, organizations are looking for ways to optimize their financial performance and make more informed decisions. Does FP&A, with its focus on forecasting, planning, and analysis, provide the necessary tools and expertise to achieve these goals? Or is it just a buzzword that's been added to the finance lexicon without much substance? Let's delve deeper into the world of FP&A and explore its true value and purpose.

MountFujiMystic Sat Sep 21 2024 | 7 answers 2348

Could you please explain what exactly is meant by the term "cash on books"? Is it referring to the actual physical cash that a company possesses or is it a financial record of the cash that the company has on hand? How is it different from the cash that is actually in the company's bank accounts? And how does it play a role in a company's financial health and stability? Additionally, how is it affected by factors such as transactions, investments, and expenses?

BlockchainBrawler Tue Sep 10 2024 | 5 answers 830

Good day, I'm curious to understand how professional fees are treated in accounting. Could you please elaborate on the different ways these expenses are recorded and accounted for in financial statements? Are there any specific accounting standards or guidelines that govern the treatment of professional fees? Also, how do these fees impact a company's financial position and profitability? I'm particularly interested in knowing how they are classified on the balance sheet and income statement. Thank you for your insights.

StormGalaxy Wed Aug 28 2024 | 7 answers 1485

Could you please elaborate on how the Accounting Standards Update (ASU) has altered the way we account for crypto assets? How does it differ from previous accounting practices for such assets? Are there any specific guidelines or rules that have been introduced by the ASU that companies need to adhere to when reporting their crypto holdings? What are the potential implications of this change for businesses that deal with cryptocurrencies?