organizations lose an estimated $670 billion per year (approximately 6 percent of all small businesses' annual gross revenue in 2004) to fraud and abuse
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Forensic Pharmacy deals with the application of scientific knowledge to legal problems and legal proceedings. For example, in forensic anthropology, forensic dentistry, forensic experts, forensic medicine etc. The word "forensic" comes from the Latin word "forensis" pertaining to a forum. In ancient Rome the forum was a market place where people gathered, not just to buy things, but also to conduct all kinds of business, including that of public affairs. The meaning of "forensic" later came to be restricted to refer to the courts of law.
A business enterprise (entity) has an existence separate from the private financial affairs of its owner/s. The accounting records of the business are separate from the personal financial records of the owner
Accounting as a "language of business" communication the financial results of an enterprise to various interested parties by means of financial statmetns which have to exhinit a "true and fair" view of its state of affairs. Accounting standards which seek to sugest rules and criteria of accounitng measurements, have to keep the set of rules, social needs, legal requirments and technological developmetns in view. Formulation of proper accounting standards, therefore is a vital step in developing accounting as a business lanuguage.
The basic objective of accounting is to maintain the records of daily business transactions carried out by the company to give a true representation of the state of affairs, including position of assets and liabilities at the end of the financial year.If no accounting is done, the business will operate in a hapazard manner like a race horse with both eyes covered. Without proper accounting, no business house can survive in this era of stiff competition.
A non-specific department in a company, handling general business affairs and, perhaps including Human Resources and Accounting Depts, but not Engineering, Quality Control, Shipping, Receiving etc.
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internal affairs
You mostly need accounting software, in order to keep up with the day to day business affairs. This is really the only sort of software that you need as far as compliance software.
That is a true statement, particularly if you are in accounting, working for a bank or other financial institution. Your credit rating really does indicate how well you follow up and handle your affairs.
The type of entity dictates the entries to be made for certain transactions. For instance "withdrawals" from sole proprietorships, partnerhips and corporations are recorded (and taxed) differently. That's boiling the issue down to an absolute minimum, and perhaps oversimplyfying it, as there are tax regulation differences between (within) various types of corporations and partnerships that affect the recording of transactions even more.
Stay out of foreign affairs.