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AccountantTerms
> Base Adjustment
Adjustments made to the initial base level budget to reflect total base level funding available to the agency. The list of acceptable base level technical and policy adjustments are included in the biennial budget instructions. Adjustments are generally made on a technical or policy basis. Examples of technical adjustments are one-time appropriations and program sunsets. Examples of policy adjustments are salary increases and space rental changes.
> Compliance Audits
Compliance audits are internal or external audits performed to evaluate whether systems or processes are designed and operating effectively to ensure compliance with pertinent laws, rules, regulations, and internal policies and procedures
While most people regard accounting as boring and tedious work, it's arguably the most important part of running a business. North Dakota accountants keep track of what money is coming in and what money is going out. But if your company gets stuck with a disgruntled or corrupt employee, you can find that the business could be owing money to the government and that it's in worse financial shape than it is on paper. With the help of an accounting professional in North Dakota, you could straighten everything out quickly.
[2] Excludes excise taxes collected,[3] Includes tax-exempt organization,[4] Collections of tax (withheld and not withheld) [5] Includes estimated tax. [Money amounts are in thousands of dollars] in North Dakota
Total Internal Revenue collections [2]
2,873,485
Corporation income tax [3]
250,454
Total [4,5]
2,582,629
Income tax not withheld and SECA tax [4,5]
611,333
Induvidual income emploment taxes withheld and FICA tax [4]
1,957,091
Source: Internal Revenue Gross Collections, by State, Fiscal Year 2001
Accountants are responsible for a wide variety of duties. They make sure that a company is run efficiently, that records are kept accurately and that taxes are paid on time. Generally, accountants will prepare, analyze and verify financial documents.
There are four types of North Dakota accountants:
Public Accountants
Management Accountants
Government Accountants
Internal Accountants
Each accountant specializes in one particular field to provide specialized services for a company or for private clients. Their expertise is especially important at large public companies who are forced to disclose their financial status to investors or the Securities and Exchange Commission. But if the government discovers discrepancies in a company's financial records, the company and its executives could be in some big trouble: They could face hefty fines and jail time.
Our North Dakota Accountants can guide you through many circumstances arising from starting your own business and also assist you with all of your tax questions.
Some typical issues North Dakota Accountants may help you with include:
Auditing
General Accounting
Business Matters
Financial Planning
Mergers and Acquisitions
Contact our North Dakota Accountants
If you live in the following cities and need an accountant, you should contact our North Dakota Accountants as soon as possible:
Bismarck
Dickinson
Fargo
Grand Forks
Jamestown
Mandan
Minot
Wahpeton
West Fargo
Williston
Did You Know?
You may want to hire one of the top accounting firms.
Some of the top accounting firms include KPMG/Peat Marwick, Ernst and Young, Arthur Andersen and Price WaterhouseCoopers amoung others.
North Dakota Audio & Video
Accounting Standards
Audio, RM, 32 Kbps, 3:30, 1/16/2002
Bob Edwards talks with Chuck Landes, Director of Audit and Attest Standards at the American Institute of Certified Public Accountants. Source: National Public Radio
North Dakota External Sites
RUS PASD North Dakota Page
North Dakota Field Accountant Information. Mr. Greg P. Gustin PO Box 28 Bismarck, North Dakota 58502-0028 (701) 258-9010 cell phone: (701) 226-1219 .
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Legal Disclaimers The information provided on Accountant North Dakota.com is not intended to be accounting advice, but merely conveys
general information related to accounting issues commonly encountered.