1. German Accounting and Country Demographics 1.1. Location To understand the German accounting system, it is important to get the general ideas about Germany. This country occupies the Western part and the Central part of Europe. Denmark is to the north. Poland and the Czech Republic are to the east. Austria and Switzerland are to …
Ethics is a broad term. Different people have different definitions of ethics. Ethics are moral principles that we need to follow so that our actions can benefit society as a whole. Ethical standards vary from country to country, especially in the area of employment. The right way of doing business in one country can be …
So far, in my career, there was only one company where I was responsible for booking monthly journal entries to recognize bad debt expenses. I will describe in this post how I booked the bad debt expense entries at that company. In my previous post, Month-End Closing Process, I mentioned that the Accounts Receivable (AR) …
Globalization cannot be progressing without cross-border capital flows. These capital flows can exist in the form of foreign direct investment, stock and bond purchases, and lending. Although there are many benefits that cross-border capital flows bring to globalization, there are still disadvantages. One of the most outstanding disadvantages is that during the time of a …
Before going into how and why I chose California State University Fullerton (or Cal State Fullerton for short) for my accounting degree, let me provide you with a little bit of my background. Being an accountant was not always my dream. As a matter of fact, I was against the idea of becoming an accountant …