SALT LAKE CITY, UTAH (August 24, 2006) - Universal Accounting® today announced that Inc. Magazine has added the company to the Inc. 500 list of fastest growing private companies in the United States. Universal Accounting® has grown 436 percent in a three-year period, placing the firm at 313 on the 2006 list.
"We're pleased and flattered to be a part of such a prestigious group, and grateful to the hard work of a great team of professionals at Universal Accounting®," said Universal Accounting® President, Allen Bostrom, CPA.
The companies that made the Inc. 500 list represent the vanguard of American industry. "With unprecedented global competition, companies have to be able to turn on a dime and discover innovative new ways of doing business" said Jim Melloan, project manager of the Inc. 500. "Increasingly, it's the smaller, agile companies like those on the Inc. 500 that are best equipped to meet these challenges."
To be eligible for this years Inc. 500, companies had to be U.S. - based, independent and privately held through their fiscal year 2005, and have had at least $500,000 in net sales in the base year of 2001. In addition, their 2005 sales had to exceed 2004 sales. Companies are ranked on cumulative three-year sales growth from 2003-2005. Inc. verifies all information using tax forms and audited financial statements from certified public accountants and by conducting interviews with company officials.
Universal Accounting® is a Salt Lake City based school offering accounting, bookkeeping, and marketing training for accounting firms to students throughout the world. Skills are taught through live classroom trainings or through a patented home-study course, allowing students to learn at their own pace. More information about Universal Accounting® can be found by calling 1-800-343-4827 or visiting www.universalaccountingcenter.com.