Guide to Year-End Accounting of Receivables

Irene L. Joffman

Accountants and business owners have a busy time during year-end period as multiple activities are required to close books for the financial year. I have listed some major activities related to accounts receivable (only) that needs to be done to prepare the books for year-end closure. This list is by […]

IFRS and Globalization of Accounting

Irene L. Joffman

In 2002, The International Accounting Standards Board (IASB) created a new standard for financial reporting known as the International Financial Reporting Standards. These new standards made an effort to bring the accounting and financial reporting throughout the world together. The IFRS is attempting to globalize the accounting and financial world […]

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