Chart of Accounts
Chart of Accounts The Chart of Accounts is a list of all the accounts a company uses in its accounting system. Five categories of are generally used in the chart of accounts: Assets Liabilities Owner’s Equity Revenues Expenses These categories are then broken down into accounts into which the financial transactions are recorded. Many of […]
Compilation of Financial Statements
A Compilation of Financial Statements is a service engagement, limited in scope, in which an accountant assists company management in the presentation of the financial statements in accordance with the applicable financial reporting framework. Compilations do not include an audit or review. The accountant does not verify the accuracy or completeness of information provided by […]
Florida Tangible Personal Property Tax
Tangible Personal Property Tax The Florida Tangible Personal Property tax is due from the following types of property owners on personal property owned as of January 1: Tangible Personal Property (TPP) is moveable personal property (i.e. chattels), inventory held for lease, and equipment on some vehicles, and includes fully depreciated items. TPP does not include […]
