How Do Accountants Deter Fraud? 

By Mark Stein | August 23, 2022 |

The fall-out of business fraud is costly, and you should do everything possible to protect yourself and your company. According to the Association of Certified Fraud Examiners (ACFE), fraud causes a typical business an average of 5% revenue loss annually, equating to $4 million globally.  Some of the standard types of business fraud include:  Misappropriation of assets …

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Financial and Managerial Accounting — Defining the Difference 

By Mark Stein | August 10, 2022 |

The accounting and financial industries are surprisingly diverse. For example, financial and managerial accounting are two different branches within the sector. While there is some overlap in financial and management accounting (both use analytics and techniques such as ratio, vertical, and horizontal analysis), they have different objectives and audiences, affecting their focus and reporting methods. Both are…

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