Closing periods are very common in accounting departments. The closing process happens at least once a year, and it's a time when accountants are very busy clearing up issues, conducting ...

To provide guidance for financial year-end closing activities. The UTSA fiscal year is September 1 through August 31. Year-end closing activities are performed each fiscal year to help provide an ...

An accountant must post closing entries for a variety of accounts, and the capital projects fund is no exception. A capital projects fund is an account that tracks the acquisition, construction and ...

Financial records don’t just “end” when the fiscal year does. Companies often have a variety of accounts still open and active. To “close the books” on the period and establish the baseline for the ...

Most accountants have stopped worrying about their clients bringing bookkeeping in-house. Even with a client performing their own bookkeeping, there's plenty of work that only an accountant can ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...