Category Archives: Bookkeeping

Certified Public Accountant: What the CPA Credential Means

The section with writing tasks are worth 15% and task-based simulations count for 35%. This significant leap addresses globalization and the increasing demand for Filipino CPAs driven by economic growth. With the US CPA Exam now available in the...

Contra Accounts Examples & How They Work

Home Depot has repurchased more than $72 billion of stock to date, with around $7 billion coming during this accounting period. Treasury stock represents shares of a company’s own stock that it has repurchased from shareholders but not retired....

Unraveling Trust Accounting: A Beginner’s Guide

This article will demystify trust accounting for lawyers, covering everything from tips and best practices to creating your process. Understanding the benefits of trust accounting is a fundamental part of running a successful law firm, since having at least...

What Is Full-Time Equivalent FTE and How to Calculate It?

With 14 employees, 7 of which are full-time and 7 part-time, the staffing capacity is 9.04 full-time employees per year. The new rule will become effective 120 days after the FTC publishes it in the Federal Register. Covered employers...