> Accrual Method Of Accounting
Accounts for income and expenses in the 12-month period earned or incurred, which is not necessarily when it is received or paid.
Lt. Governor Diane Denish To Swear In New Accountants
Albuquerque—The Regulation and Licensing Department’s Public Accountancy Board members and special guest Lt. Governor Diane Denish will be swearing in over 43 certified public accountants at its Spring 2006 Swearing In Ceremony in Albuquerque on Saturday.
The Lt. Governor will deliver the keynote address and administer the oath of office to 35 new licensees and eight licensee transfers from other states . “I consider Certified Public Accountants to be public servants who are tasked with keeping the public trust,” Denish said, “by taking an oath of office these newly minted CPAs are telling the people of New Mexico they are here to serve a higher purpose and I am excited to be part of their entrance into the field.”
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You want to hire an accountant that practices GAAP.
Generally accepted accounting principles (GAAP) are the accounting rules used to prepare financial statements for publicly traded companies and many private companies in the United States.
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