Definition Cost accounting is a form of managerial accounting which focuses on the cost structure of businesses. It assigns certain costs to products, services, processes, projects and related activities. Through cost accounting, you can hone in on where your business is spending its money, how much it earns and where you might be possibly losing […]
Everyday we get requests from Persians all across the lower mainland for a Persian accountant in Vancouver which they can trust. It can be hard to find a financial advisor who knows what you are going through as a newly landed immigrant in Canada. Often times, people are looking in all the wrong places. At […]
Finding good accounting in Vancouver can be a troublesome task. First, you have to be sure that the person you’re dealing with not only has your best interests in mind, but also that they are competent enough to see through your goals and visions. Here are some specific situations where problems may arise when dealing […]
Finding the right Persian accountant who can practice Farsi accounting in Vancouver can be difficult. Based out of North Vancouver, BC, SMF CPA chartered professional accountants is the go to stop for Persians looking for Farsi accounting services in Vancouver. At SMF CPA, we offer full service accounting for English and Farsi speakers alike. For […]
The Farsi speaking community in Vancouver is large and vast yet Farsi accounting for Vancouver Persians is still hard to find. A lot of Persians in Vancouver are new from Iran and require an accountant which understands their specific financial troubles. We here at SMF Chartered Professional Accountants tailor our accounting communications to accommodate Farsi […]
Cryptocurrencies are a new phenomenon with growing popularity. With all new currencies, investments and financial tools comes new accounting regulations. You need to learn to account for your cryptocurrencies from an accounting standpoint in a transparent and advantageous manner. Despite the increased attention digital assets are receiving, the financial reporting for these assets doesn’t fit […]
Bookkeeping is a practice which requires diligence and attention to detail. A minor mistake in basic calculations can cause financial books to represent numbers which are inaccurate. This is where a professional bookkeeper is invaluable. Not only will they save you time and money but they will also insure that the job is done thoroughly […]
Forensic accounting is the utilization of accounting, auditing and investigation techniques to conduct a thorough analysis of the finances of an individual or a business. Forensic accounting is the means by which fraud and other nefarious activities are discovered. Most notably it is used to convict fraudsters who swindle honest investors by inflating the incomes […]
In order to understand how a company’s financial standing is, you will be required to familiarize yourself with these 4 financial statements: The Balance Sheet – The balance sheet reports the company’s assets, liabilities, & owners equity at a given point in time. It is usually the best place to start because it gives a […]
Have you ever been in a financial conversation and wondered what is GAAP? GAAP stands for Generally Accepted Accounting Principles. It is a collection of commonly followed accounting rules and standards which ensure that accountants are operating ethically on behalf of their clients. The main points consist of the recognition of assumptions, principles and constraints […]
