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FAPP

By Jeffrey Sherman, MBA, FCPA, FCA | 3 Minutes Read April 6, 2015

Refresher on financial statistics and metrics

Insufficient data analysis is often caused by too much information, not too little. A few well chosen statistics that highlight critical trends and pinpoint areas that require follow-up may be much more useful...

Article by Jeffrey Sherman, MBA, FCPA, FCA / Finance and Accounting / analyzing financial information, cost of goods sold, data analysis, FAPP, Finance and Accounting PolicyPro, financial data, financial metrics, financial statistics, financial trends, gross margin, gross sales, net sales, operating profit, sales, selling and administrative expense, selling expense ratio

By Jeffrey Sherman, MBA, FCPA, FCA | 2 Minutes Read June 2, 2014

Using internal control to prevent fraud

Anti-fraud controls mainly apply to the general area of accounting (purchasing, revenue, payroll, banking and treasury, inventory, assets, etc.), but they will also involve many specific areas of operations, such as sales, payments, expenses, receivables, travel, suppliers, taxes, promotions and much more.

Article by Jeffrey Sherman, MBA, FCPA, FCA / Business, Finance and Accounting, Information Technology, Not for Profit, Payroll, Privacy / anti-fraud controls, COSO, employee fraud, external fraud, FAPP, Finance and Accounting PolicyPro, fraud, fraud and misconduct, fraud risk, fraudulent reporting, internal fraud, legal compliance, managing risk, record keeping, risk management

By Jeffrey Sherman, MBA, FCPA, FCA | 2 Minutes Read April 7, 2014

Generally accepted accounting principles for interim reporting

In many small and even medium-sized companies, financial reporting during the year does not include all of the adjustments made at the year-end (often in connection with the audit or review of the annual financial statements by an independent professional accountant).

Article by Jeffrey Sherman, MBA, FCPA, FCA / Business, Finance and Accounting / Accounting Standards for Private Enterprises, ASPE, bad debt, bonuses, capital leases, depreciation expenses, dividends, FAPP, Finance and Accounting PolicyPro, financial statements, GAAP, generally accepted accounting principles, interest expenses, inventory overhead, long-term debt, missing adjustments, royalties, sales overhead, tax returns, total net income, warranty reserves, write-offs, year-end adjustments

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