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ACCOUNTING POLICE: DO THEY EXIST?
Who created accounting principles? Who sets and revises accounting standards? What if you don’t follow all the rules, do you go to jail? Is there an accounting police force that investigates and arrests violators? It would seem that there must be some regulatory force to make sure that providers of financial statements conform to the rules. There is, up to a point, and this article discusses how it works:

Other accounting principles board Related Articles

PDF Your Board Package
Thankfully I no longer get fedexed binders of board packages from my portfolio companies in advance of a board meeting. Through the modern miracle of email, the board packages show up in my inbox – hopefully a few days (rather than a few hours – or even minutes) before the board meeting. The board packages tend to show up in three different formats – one that is easy to deal with, one that is ok, and one that sucks.
Board Meeting Rules
Following are some board meeting rules that were recently presented to me and my fellow board members by a CEO at one of his first board meetings at a newly funded early stage company. I thought they were brilliant. Feel free to pass them out at your next board meeting.
A Strategic Look At Dos and Donts of Board Meeting Minutes From Your Strategic Thinking Business Coach
Do you serve on a board of directors and experience significant inaccuracies and inconsistencies in board minutes? Do you know that board minutes are really a very important resource to governing boards? Minutes of board meetings provide evidence that a board has exercised care in decision-making. The minutes also substantiate that a board is operating in accordance with its Bylaws and other documents and rules. Although there is recognition that board minutes are important, many organizations continue to have inadequate records of board meetings. Your strategic thinking business coach offers a list of the DO’s and DON’Ts of board meeting minutes.

Simple Accounting for the Small Business Synoptic Journal Bookkeeping using a Simple Accounting Spreadsheet Template
You have started a small business while still working or to create additional income for your household income. You know nothing about accounting or bookkeeping. This accounting administration part of business scares you a bit and is holding you back from 'Doing IT'. Here is a simple approach to achieve the recording of your business financial books. No prior accounting or bookkeeping knowledge required! Don't buy Quick Books or AccPac or some other accounting package. This simple bookkeeping approach is easy and FREE.
ACCOUNTING POLICE: DO THEY EXIST?
Who created accounting principles? Who sets and revises accounting standards? What if you don’t follow all the rules, do you go to jail? Is there an accounting police force that investigates and arrests violators? It would seem that there must be some regulatory force to make sure that providers of financial statements conform to the rules. There is, up to a point, and this article discusses how it works:
ACCOUNTING PRINCIPLES & STANDARDS: AVOID THEM AT YOUR PERIL
Accounting principles are the basic assumptions, rules of operation, and essential characteristics that make up the framework for the construction of accounting financial statements. This article discusses the difference between principles and standards and why they are important.
The Board's Role in Fundraising
“Should my board help me raise funds?” The obvious answer is yes, of course they should! Now comes the hard part. Getting the board to actually raise money is a lot tougher than simply saying they should. Many nonprofits, of all sizes and types of mission, overlook the basic steps necessary to engage the board in effective fundraising.

Is your Accounting System Broken?
In the past few months we have heard so much about Greece’s large debt burden and budget deficit leading to a contagion of problems that are likely to take the entire Euro Zone down. You wonder how this problem just revealed itself so suddenly without any prior warning. After all didn’t the Government of Greece and the Euro Zone’s central bank know they were taking on too much debt? Wouldn’t their accounting system tell them the level of debt and growing deficit as it got worse over the years? The reason why Greece's problems went undetected for so long is that they had a broken accounting system. Every year, K&M Accounting and Tax Services come across small and large businesses in Charlotte and Carolinas that have accounting systems that just don’t work. Here's some tips to find out if your accounting system is working for you.
Nonprofit Board Member Manuals - What Should You Include?
When you have a board of directors, it is always a good idea to have a Board Member Manual. A Manual is a great tool for board members to use when they need quick and easy access to critical information about the organization. It compiles important documents into one binder, so they don't waste time and energy looking for what they need in several files or locations. Does your organization have a manual for its board members?
It's All About Using the Proper Resources
If you're dealing with Peachtree or another of the ever-expanding software lineup now under the umbrella of The Sage Group (such as Peachtree, MAS 90 or MAS 200 accounting software, ACT!, Timeslips, etc.), you know that things are no longer simple. The software, while still based on the fundamental principles of accounting, project management, CRM and such, is almost infinitely more powerful, but it's also far more complex. Add to that that almost all computers are networked today, and your installation, integration, upgrade and training efforts aren't simple anymore at all.

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