The financial system accounting structure for the University of Colorado (CU) is made up of eleven blocks of information called ChartFields. These ChartFields can be joined together in various ...

The FOPP, which stands for Fund, Organization, Program or Project, serves as a central element of the Finance System accounting structure. This fund/org/program or fund/org/project combination ...

Finance and accounting both revolve around money, but each has a different role. Finance involves planning how to invest money strategically to grow wealth. Accounting tracks and reports past and ...

Tax accounting is a critical field that focuses on preparing and analyzing tax payments and returns. It differs from other accounting fields in that it is guided by specific tax-related provisions set ...

Accounting is the basis of business decisions. While you may not be an accountant, or even like accounting, you are likely a decision-maker. You are asked to make numerous business decisions every ...

Learn about accounting interpretations, why they matter, and how they clarify standards, prevent errors, and provide consistency in financial reporting.

Over the course of my 25 years of financial and business consulting, I have seen many companies make the mistake of putting the cart before the horse—reversing the proper order of actions to be ...

Learn how accounting spreadsheets work with real examples of journals plus when to switch to accounting software.

Agility and efficiency are pillars of accounting. Like any foundational element, they can crack, leaving your organization’s accounting functions exposed, convoluted, outdated or even inoperable.