Statement of Activities: Reading a Nonprofit Income Statement
Non-operating income is inconsistent and unpredictable, so you can’t rely on it to produce annual profits. Your business must produce a majority of its net income from operating income activities because operating income is sustainable. An income statement shows a company’s revenue and expenses for a period of time. It provides information relating to returns on investments, […]
Certified Public Accountant: What the CPA Credential Means
In the United States, licensed accountants are Certified https://www.bookstime.com/articles/prepaid-rent-accounting-definition-and-meanings (CPAs),[13][14] and in certain states, Public Accountants (PAs). Unlicensed accountants may be Certified Internal Auditors (CIAs) and Certified Management Accountants (CMAs). The difference between these certifications is primarily the legal status and the types of services provided, although individuals may earn more than one certification. You […]