How to Account For Deferred Revenue

Knowing how to handle deferred revenue is an important part of the accountant's job. Cash paid to a company for goods or services not yet rendered must be treated as deferred revenue; it cannot be recognized upon cash receipt. By familiarizing yourself with the principles that underpin accrual accounting, you can quickly learn how to account for deferred revenue properly.

Become Your Own Accountant

Insider's Guide To Your Own Virtual Bookkeeping Business
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How to Become Your Own Accountant

If you own your own business or you do some contracting work on the side, then it's important to keep track of all documents related to your business. Many new businesses want to manage their own finances themselves, instead of hiring someone to do it. This allows you to keep in intimate contact with the financial health of your company but takes a significant amount of time. Even if you hire a Certified Public Accountant (CPA) to do your taxes, you will need to keep meticulous records throughout the year. Becoming your own accounting clerk, or bookkeeper, requires understanding the principles of bookkeeping, choosing a system or software and then being meticulous in your paperwork. This article will tell you how to become your own accounting clerk.

Job Interviewing Tips

Follow these steps and tips to ACE any interview and be sure to check out Accounting Interview Domination: Ace Your Accounting Interview!

How to Have a Good Job Interview

Do you have an important interview coming up for a new job? We demonstrate what you should say and what the interviewer would like to hear to ensure your interview is a great success...

Active learning models and their importance in student learning

Where other disciplines have excelled in the area of education research, accounting and other business fields have fallen short. Education research in the field of accounting remains, somewhat, in the infancy stage. Even though accounting research has been conducted for many years, this research has never gained enough prestige to allow the researchers of business education to gain tenure track positions at major universities. Therefore, this research is typically conducted by senior tenured faculty members or clinical level faculty.

Paying Overtime

Pay overtime for hours actually worked over 40 hours in the workweek. You are not required to include as hours worked paid time off (holidays, vacation days). Do not substitute paid nonwork hours for work hours to make all hours straight time, thus avoiding overtime pay.