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What Is Government Accounting?

Public sector entities in the United States require their own system for accounting. These will be used in all state, federal, and local agencies. Government accounting has its own principles and guidelines. These are provided by the Federal Accounting Standards Advisory Board (FASAB) or the Governmental Accounting Standards Board (GASB). Federal agencies will rely on the guidelines provided by the FASAB while other public agencies will use GASB guidelines.

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What is a Tax Loss Carryforward?

Tax loss carryforward is used in accounting as a way to use financial losses within a business year as a later tax liability. This deduction from tax can be used up to seven years after the year when the loss occurred. This means that should the company experience a good year in the future they can use this tax liability to reduce the amount they have to pay.

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Top 5 Best Financial Accounting Books Reviewed

Financial accounting focuses on the perpetration of financial statements. This information will often be used to make important business decisions so it is vital that it is reliable. Financial accounting can be highly demanding but luckily there are some useful books available on the market for anyone interested in this topic. Here are the top 5 best financial accounting books reviewed.

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What is Accounting?

accountingAccounting is one of the oldest professions in the world. The goal of this type of work is to record and report business transactions. There is evidence that people began using accountancy over 7,000 years ago; once we began trading with other people it became a necessity. The oldest books in the world are the Indian Vedas and this document contains information about accountancy. In the distant past it is uncertain if there were people employed full time as accountants, but as time passed humans developed bookkeeping and accountancy became a distinct profession.

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Top 5 Best Public Accounting / Public Finance Books Reviewed

Those people who are interested in public accounting will find that there are quite a number of good books available on the subject. This is an important area of accounting and some of the best minds in the field have shared their knowledge in these texts. A lot of the texts focus on public finance in general but contain invaluable knowledge of use to those interested in public accounting. Here are just five of the best public accounting books reviewed.
Unaccountable: How the Accounting Profession Forfeited a Public Trust by Mike Brewster (2003)

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Top 6 Best Accounting Bookkeeping Books Reviewed

Getting to grips with accounting and bookkeeping can feel like a bit of a challenge if this is not something that we have previously needed to deal with. Luckily, there are some great books available on the subject that can explain things in an easy to understand manner. Here are the top 6 best accounting/bookkeeping books reviewed.

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The Best Accounting Books to Learn Accounting

If you are interested in accounting on a professional level or just out of curiosity, there are plenty of good books that will help you. Here we will examine some of the most popular accounting books that might be of interest to those with a lot of experience with the subject or indeed no experience at all. New accounting books are being produced all the time and this is not in any way meant to be an exhaustive list.

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