AI In Accounting Is Here: 7 Game-Changing Innovations You Should Know
From expense capture, to data entry to real time analysis, here are 7 real life uses of AI that accounting and finance ...
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Why Does GAAP Require Accrual Basis Rather Than Cash Accounting?
Mikolette / Getty Images Accrual accounting is the preferred approach for companies reporting their financial statements under generally accepted accounting practices (GAAP), which are issued ...
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What Are Accruals? How Accrual Accounting Works, With Examples
That's where accrual accounting comes in—it's a way to record these transactions when they happen rather than when the money moves. It's the preferred method of the International Financial ...
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Financial Institutions, Inc. Settles Auto Loan Litigation for $23 Million Accrual
Financial Institutions, Inc. settled a class action lawsuit related to auto loan repossession notices, incurring a $23 million litigation accrual. Financial Institutions, Inc. announced the ...