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Understanding the Revenue Recognition Principle

Understanding the Revenue Recognition Principle

If you own and operate a startup, you know that the whole of your operation centers on your ability to generate and collect on revenue. While there are practical measures designed to make this process simpler, there’s also a degree of theory that goes into the...
10 Things You Need to Know About GAAP

10 Things You Need to Know About GAAP

Businesses large and small are built on dreams. It is not dreams, however, that sustain these inkling ideas. Instead, systems like GAAP – generally accepted accounting practices – create the architecture on which a business’s dreams can rest. The Financial Accounting...