Accounting Practices
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Mastering GAAP: Best Practices in Accounting for Business

ByHarley Carr Updated on Max 8 min read

Unveiling the GAAP Foundation What Is GAAP in Simple Terms? Imagine you’re building a house with each brick representing a financial transaction. You want that house to be sturdy and understandable to anyone who might visit. GAAP is like the set of blueprints for that construction. In simple terms, GAAP stands for Generally Accepted Accounting…

Management Accountant: Role, functions, description, responsibilities, and more

Management Accountant: Role, functions, description, responsibilities, and more

ByAstrid Sarratt Updated on Max 8 min read

What is a management accountant? What is CMA? A management accountant with a CMA certification who passed the CMA exam licensure is a professional who helps to make well-informed financial decisions for an organization. They contribute to the organization’s well-being by providing accurate and up-to-date financial data. For example, a management accountant may be responsible…