Chicago Accounting Articles

What is a CPA Chicago Illinois

Updated July 24, 2015   What is a CPA Chicago Illinois   CPA Accountants   Certified Public Accountant (CPA) is the statutory title of qualified accountants in the U.S. who have passed the Uniform Certified Public Accountant Examination and have met...

Cost Basis / Investment Basis / Basis of Assets Chicago Illinois

Updated July 24, 2015   Cost Basis / Investment Basis / Basis of Assets Chicago Illinois   Speaking in extreme generalities, the basis of an asset is generally what you paid for it. These computations are important when computing the gain on an asset and...

Why are the dates on a financial statement important?

Updated July 10, 2015   Why are the dates on a financial statement important?   Because you can’t do financial statements that are relevant without dates or a period of time. An income statement shows the income or loss of an entity over a period of...