Financial and Managerial Accounting

Our Financial and Managerial Accounting Course is designed to give Owners and Managers a real world understanding of the numbers side of their enterprises. In discussing the accounting concepts that are so important to the continued success of your company and your career, we provide a deeper understanding in non-technical language of the accounting issues that affect today’s management decisions.
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GAAP and GATP – What is Compilation, Review & Audit

Here we provide a definition on What is GAAP or Generally Accepted Audit Principles and What is GATP or Generally Accepted Tax Principles. We also define the three levels of professional responsibility in Financial Accounting Standards. We define what is compilation, what is review, and what is an audit. Without having a basic understanding of what accounting standards are being performed on your behalf, how will you know what level of confidence and assurance to put into your financial statements?

 

Keywords:

  • What is GAAP

  • Generally Accepted Auditing Principles

  • What is Compilation

  • Review

  • What is an audit

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