Accounting
Accountants and bookkeepers, responsible for gathering financial and economic information and for tracking daily financial transactions, play a huge part in helping business and organizations plan and control their own finances. Financial professionals also collect and distribute data, compiled from their own day-to-day operations and research, providing parties such as investors, government officials, and private individuals with helpful business information. This section offers a quick and easy way for people to learn about the accounting industry and profession, for clients to locate an accounting firm or independent consultant, and for professionals to find the right job. The articles included herein provide information on the basic accounting principles, concepts, definitions, accounting terms and terminology, accounting ethics and principles. Read about bookkeeping, history of accounting and articles on accounting education as well as accountant jobs and careers in financial and managerial accounting.
Hybrid Method of Accounting
With the steady rise in the volume and sizes of businesses, conventional accounting evolved into double entry systems, subsequently cost accounting and managerial accounting were also introduced. Today, the world of finance, is yet again on the cusp of completing the next step of evolving from current system of financial accounting to hybrid accounting.
Cost Method of Accounting for Investments
The cost method of accounting for investments is used to determine the profit and loss of any investment. Apart from that, this method is also used to compute the return on investment of a certain investment. To know more about this approach of accounting, read on...
Cash Method of Accounting
The cash method of accounting is a well-known and widely used technique which has some advantages and disadvantages. In this article, we shall know about this accounting technique in detail.
Accrual Method of Accounting
How does the accrual method of accounting expenses work? This might be a question before many students of accounting and finance. In this article, I shall present to you the accrual method of accounting, its rules and procedures which will help you to understand this concept better.
Job Costing Vs Process Costing
If you are confused about what exactly is the difference between job costing and process costing, this article will help in clearing out the concept. Here, I present a job costing vs process costing comparison to make the differences between the two costing methods clearer.
How to Calculate Net Income after Taxes
If you are looking for clear guidelines explaining how to calculate net income after taxes, this article will definitely be a helpful read. Along with an explanation of the procedure, I shall also provide you with an online calculator which computes net income after taxes.
Gross Sales
There are various metrics through which an organization can gauge its efficiency. The total sales of a company are measured by calculating its gross sales. Let us know more about the topic.
Liability Vs Expense
In the following article the differentiation in liability vs expense has been pointed out. To know more about the distinguishing points in liability and expense, read on...
Audit Procedures for Cash
Audit procedures for cash ensure transparency and accountability in an organization. Let us know more about it...
Percentage of Completion Method
In the following article, a brief and quick elaboration on what is known as percentage of completion method has been discussed. This method to ascertain cost has a very effective formula for all construction projects. To know more, read on...
Receivables Turnover Ratio
The following article, gives a brief insight into what is known as receivables turnover ratio. In the following article, the formula and the logic of the receivable turnover ratio has been explained. To know more, read on…
What is Cost Accounting
If your question on what is cost accounting has remained unanswered, you are sure to clear your quandary here. The dimensions of cost accounting find complete coverage in this article. Read ahead...
Objectives of Accounting
In this article, we will take a brief look at what are the primary objectives of accounting and try to understand the accounting objectives better.
Unearned Revenue
What is unearned revenue or deferred revenue? How is unearned revenue liability calculated? Read to find all the answers...
What is GAAP
What is GAAP, and why is it used? These are the questions all of us have when it comes to recording one's transactions. Read on to get all your answers regarding GAAP accounting standards...
Revenue Recognition Principle
Coping with accountancy and its various principles? Well, as far as the revenue recognition principle is concerned, help is here!
Cost Sheet Template
In the following article, a cost sheet template has been discussed and explained. The procedure of costing that is employed in the process has also been explained. To know more, read on...
Intangible Assets: Examples of Intangible Assets
Confused about what are intangible assets and the examples of intangible assets? Go through this article for a brief overview about the subject.
Accrued Liabilities
Being aware of the concept of accrued liabilities under GAAP is essential for all accountants and students of management and accounting. Let us know of the accrued liabilities definition and more about them in this article.
Cost Recovery Method
This article aims at explaining to you the cost recovery method of accounting along with a cost recovery method example. So, continue reading to know more...
Generally Accepted Auditing Standards
Read this article to find out all about the generally accepted auditing standards and their impact on the profession. Have a look...
Accounting Conventions
A thorough knowledge of the accounting conventions and practices is very essential for all accountants, management students as well as businessmen. So, in this article, let us know more about the accounting conventions definition and what are the accounting conventions.
Profit Margin Ratio
This article will tell you all about the profit margin ratio definition and what it indicates for a business. While the turnover is an important consideration, it is the profit margin that ultimately denotes the financial health of a business.
What is Contribution Margin
Knowing what is contribution margin and how to find the contribution margin ratio is of great importance for all business owners. So, refer to the content on calculating contribution margin ratio in this article to understand things better...
Deferred Revenue
Understanding how deferred revenue accounting is done is absolutely essential for all businessmen as well as students of accounting. In this article, we shall talk about deferred revenue liability and what is deferred revenue in detail. So, continue reading to know more...
Accrued Expenses
In the following article, the financial concept of accrued expenses has been discussed. To know more about accrued expenses, read on…
Prepaid Expenses
The concept of prepaid expenses is occasionally used in financial, cost and managerial accounting policies. To know more about financial expenses and their accounting treatments, read on…
Generally Accepted Accounting Principles
After you've familiarized yourself with the various accounting concepts and conventions, you would probably want to go through the Generally Accepted Accounting Principles or GAAP. The following article is an attempt to convey the required information in a simplified manner.
Accounts Payable Procedures
Accounts and finance departments often deal with what is known as accounts payable procedures. In the following article, a brief elaboration on some of the general accounts payable procedures is given.
Going Concern Concept
What is the going concern concept in accounting? How does the going concern concept affect financial projections of the future? Read to know all about it...
Accrued Revenue
What is accrued revenue? How is accrued revenue calculated? Read to find all the answers. . .
Owners Equity
Knowing what is owners equity is extremely essential for all businessmen. In this article, we shall know how to calculate owners equity with the help of owners equity formula.
Tangible Assets
The concept of tangible assets is extremely easy to understand. Find out how, in the article below.
Accounts Receivable Turnover
What is accounts receivable turnover ratio? How to calculate accounts receivable turnover ratio? Read, to find out all the answers. . .
What is Accounts Payable
This article aims at explaining to you what is accounts payable and accounts receivable and the accounts payable job description in detail. So, continue reading to know more...
Accounting Cycle Steps
Understanding the accounting cycle steps is of prime importance to students of accounting, as well as those working as accountants in different firms. So, go through this article to know about the steps in the accounting cycle.
Debit Vs Credit
The world of commerce revolves around the terms debit and credit. Debit vs Credit is a small comparison between the two terms and the differences in them have been explained in the following paragraphs. To know more, read on...
What Is Managerial Accounting
Accountancy is a pretty vast domain, and has much more to it than just arithmetic calculations. What is managerial accounting? How is it different from financial accounting? Let’s find out!
How to Prepare Cost Sheet
How to prepare cost sheet? What are the elements of a cost sheet? These might be the questions in the minds of many businessmen who have their own factories. So, continue reading this article to know in detail how do you prepare a cost sheet.
Cost Accounting vs Managerial Accounting
In the following paragraphs, a brief yet comprehensive elaboration regarding cost accounting vs managerial accounting has been given. To know more about the difference between cost and managerial accounting, read on...
Cost Accounting vs Financial Accounting
In the following article, a brief elaboration on the concept of 'cost accounting vs financial accounting has been provided. The points of differentiations, some technical factors that differentiate them from one another have been also provided. To know more, read on...
Gross vs Net Profit
In the following article, some important distinguishing points regarding 'gross vs net profit' have been discussed. The convention of calculating gross and net profit is very common and is widely followed in the business world. To know more about gross and net profit, read on...
Types of Accounting
Learning about the types of accounting will help you get a fundamental knowledge about the working of various sectors in the financial management field. This article focuses on the types of accounting.
Matching Principle
Matching principle in accounting helps in linking revenue earned, to the associated costs incurred. The following article, on matching principle in accounting, will help explain this accounting principle in simple words.
Economic Profit
The aim of this article is to explain to you the concept of economic profit and also the difference between economic profit and accounting profit. So, keep reading to know more...
Accounting Terms Explained
Accounting deals with the recording of transactions of an organization. The accounting terms explained below are the most frequently used terms in accounting and will help you understand the subject of accounting better.
Financial Accounting vs Managerial Accounting
What is the difference between financial accounting and management accounting? How are both these types of accounting important? To know the answers of these questions, read the content given in the next few paragraphs.
What Is An Accounting Entity
An accounting entity is a particular business enterprise, which has a separate entity (identity) from the owners and managers who are a part of the big organization. Scroll down to know more about the accounting entity.
Accounting Process
Accounting is used for quantitative information of finances. But what is the accounting process? Read on to find out.
Accounting Ethics
Accounting is an integral part of our business and finance world. However there are some accounting ethics to be kept in mind for all financial transactions made. This article will shed some light on accounting ethics and as to why it is important.
Accounting Profit Formula
What is accounting profit? How is accounting profit formula calculated? Keep reading to enlighten yourself about this concept.
Why is Accounting Important
We have all heard about accounting, but have you ever wondered why is accounting important? Here we give you the reasons of why is accounting so important not only for a business but also in our day-to-day lives. Read on...
Accounting Principles and Concepts
What are accounting principles and concepts? The accounting principles are rules that apply the practices of accounting and give guidelines to deal with complex transactions. These accounting principles are then divided into accounting concepts and conventions. Let's understand these accounting principles and concepts in detail.
Job Cost Sheet
Do you need to make a job cost sheet in order to keep track of the costs incurred in providing services to customers? If yes, then in this article, you will learn how to draft a cost sheet with the help of a template.
Net Sales vs Gross Sales
Before starting a company, you should know the difference between net sales vs gross sales. Only then will you understand how much profit your company is earning, or whether it's going through a loss. Read on, if you want to know more about net sales and gross sales.
Importance of Accounting
Some of the reasons highlighting the importance of accounting have been highlighted in the following paragraphs. To know more about the importance of accounting, read on...
Multi Step Income Statement
If you are planning to invest in the stock market, then you need to understand basic financial terminologies, such as multi-step income statement, single-step income statement, balance sheet, statement of cash flow, etc. This will help you make some smart investments. The article below will share some information about multi-step income statement and provide you with a template for the same...
Accounting Outsourcing: Benefits of Accounting Outsourcing
One of the most apparent accounting outsourcing benefits is that operating costs of the company are reduced substantially. This article focuses on the advantages of accounting outsourcing.
Accounts Receivable Aging Report
In the world of business, an accounts receivable aging report is a very important statement that is used to record data that is related to the debtors of a business. The following article is a brief elaboration of such reports. To know more, read on...
Horizontal Analysis
Horizontal analysis is one of the foremost techniques in financial management and analysis. Here's an article on the horizontal analysis of financial statements.
Vertical Analysis
Vertical analysis is an integral part while carrying out the overall financial analysis of any firm. Read the article to learn about vertical analysis and also how to do one.
Trade Discount
What is trade discount? Read on for a fairly simple article on what is trade discount and trade discount formula.
Billing Statement Template
Looking for a billing statement template? Here's an article on how to draw up a template for billing statement.
Expense Report Template
Looking for an expense report template to record all your expenses? Here is an article on what is an expense report followed by a template for expense report.
Income Statement Format
How to prepare an income statement format which is easy to understand and update? Here's an article which will teach you the correct income statement format.
Tangible Fixed Assets
The art and science of financial accountancy is difficult to master, and one needs to have complete and accurate knowledge of every concept of accountancy. Tangible fixed assets is a term that is commonly used by people studying finance, economics and accountancy. To know more about tangible fixed assets, read on...
Income Statement Template
What is the best way of making an easy-to understand and easy-to-update income statement? These income statement templates might come in handy in helping you go about your task.
Cost Control Methods
Business managers throughout the world fight a never ending battle against rising costs. Cost control methods are constantly being derived, developed, deployed and discarded, in order to reduce the cost of all operations. The following article is a brief elaboration of cost control methods. To know more, read on...
Internal Controls in Accounting
Accounting is a very crucial field that demands the compliance of many standards and statutory requirements. Internal controls in accounting are not only a statutory requirement, but are also an instrument of finance management. To know more, read on...
Expense Report Sample
There are several types of financial statements that are recorded by the finance and accounts departments, to record and verify expenditures. An expense report sample is described in the following article. To known more about expense reports, read on...
Cost Control Management
What is cost control management? Here's an article which comprehensively talks about cost control management definition and the need for cost control management in businesses today.
Purpose of Accounting
Are you wondering why companies invest so much time and money in maintaining their accounts? If yes, read on for information on the purpose of accounting.
Economic Profit vs Accounting Profit
A lot of people get confused about the difference between economic profit and accounting profit. What is economic profit and what is accounting profit? Here's an article on economic profit vs accounting profit.
Equity Method of Accounting
If you wish to know what is the equity method of accounting for investments in common stock, you have come to the right place. This article will give you all the details on the equity method of accounting definition, equity method of accounting for joint ventures, and the process of consolidation of accounts under this method of accounting.
Cost Method of Accounting
This article is intended to explain the concept and usage of the cost method of accounting without getting into the nitty-gritty of its types, like full cost method, average cost method, etc. The following article gives an overview of the cost method of accounting for investments.
Bachelor's Degree in Accounting
Want to pursue a degree in accounting? Read on to know more about Bachelor's degree in Accounting and its importance in the world of business and finance.
Comptroller Job Description
This article speaks about comptroller job description, a career which is ' high in demand', because of the decent salary range and excellent career outlook.
Accounting Terms - Glossary of Accounting Terms and Definitions
Bookkeeping and Accountancy are the subjects that deal with maintaining a record of all the transactions that a business/individual makes. It helps to keep a track of the financial position of the business and forms the basis for good financial planning. Here is a glossary of the most commonly used accounting terms.
Basic Accounting Concepts and Principles
Accounting refers to the systematic recording of business transactions and preparation of statements relating to assets, liabilities and functioning results of a business. Accounting has to follow certain fundamental rules that form the basic accounting concepts and principles. Here is a list of the basic accounting concepts and principles.
Types of Accounting Careers
If you are good with numbers, then a career in accounting must be explored. Let's take a look at some of the different types of careers in accounting.
An Introduction to Financial Accounting
To understand the basics and other concepts related to financial accounting, read on...
What is Forensic Accounting?
Auditing and accounting is an unlikely combination - but that's what forensic accounting is all about! Forensic essentially means 'anything that is suitable to be used in a court of law' and this is exactly what forensic accountants are meant to do. The exciting field of forensic accounting deals with providing and accounting analysis of a case that is suitable to be used in any court of law. Let us enter the world of forensic accounting!
U.S. GAAP - Generally Accepted Accounting Principles
U.S. GAAP is the standard platform of guidelines regarding rules for financial accounting that're needed in the preparation of financial statements. Although quite flexible in its rules, this framework is based upon certain constraints and principles to address specific necessities.
Online Accounting Degree Program
FIve reasons for considering an Online Accounting Degree Program.
With the steady rise in the volume and sizes of businesses, conventional accounting evolved into double entry systems, subsequently cost accounting and managerial accounting were also introduced. Today, the world of finance, is yet again on the cusp of completing the next step of evolving from current system of financial accounting to hybrid accounting.
Cost Method of Accounting for Investments
The cost method of accounting for investments is used to determine the profit and loss of any investment. Apart from that, this method is also used to compute the return on investment of a certain investment. To know more about this approach of accounting, read on...
Cash Method of Accounting
The cash method of accounting is a well-known and widely used technique which has some advantages and disadvantages. In this article, we shall know about this accounting technique in detail.
Accrual Method of Accounting
How does the accrual method of accounting expenses work? This might be a question before many students of accounting and finance. In this article, I shall present to you the accrual method of accounting, its rules and procedures which will help you to understand this concept better.
Job Costing Vs Process Costing
If you are confused about what exactly is the difference between job costing and process costing, this article will help in clearing out the concept. Here, I present a job costing vs process costing comparison to make the differences between the two costing methods clearer.
How to Calculate Net Income after Taxes
If you are looking for clear guidelines explaining how to calculate net income after taxes, this article will definitely be a helpful read. Along with an explanation of the procedure, I shall also provide you with an online calculator which computes net income after taxes.
Gross Sales
There are various metrics through which an organization can gauge its efficiency. The total sales of a company are measured by calculating its gross sales. Let us know more about the topic.
Liability Vs Expense
In the following article the differentiation in liability vs expense has been pointed out. To know more about the distinguishing points in liability and expense, read on...
Audit Procedures for Cash
Audit procedures for cash ensure transparency and accountability in an organization. Let us know more about it...
Percentage of Completion Method
In the following article, a brief and quick elaboration on what is known as percentage of completion method has been discussed. This method to ascertain cost has a very effective formula for all construction projects. To know more, read on...
Receivables Turnover Ratio
The following article, gives a brief insight into what is known as receivables turnover ratio. In the following article, the formula and the logic of the receivable turnover ratio has been explained. To know more, read on…
What is Cost Accounting
If your question on what is cost accounting has remained unanswered, you are sure to clear your quandary here. The dimensions of cost accounting find complete coverage in this article. Read ahead...
Objectives of Accounting
In this article, we will take a brief look at what are the primary objectives of accounting and try to understand the accounting objectives better.
Unearned Revenue
What is unearned revenue or deferred revenue? How is unearned revenue liability calculated? Read to find all the answers...
What is GAAP
What is GAAP, and why is it used? These are the questions all of us have when it comes to recording one's transactions. Read on to get all your answers regarding GAAP accounting standards...
Revenue Recognition Principle
Coping with accountancy and its various principles? Well, as far as the revenue recognition principle is concerned, help is here!
Cost Sheet Template
In the following article, a cost sheet template has been discussed and explained. The procedure of costing that is employed in the process has also been explained. To know more, read on...
Intangible Assets: Examples of Intangible Assets
Confused about what are intangible assets and the examples of intangible assets? Go through this article for a brief overview about the subject.
Accrued Liabilities
Being aware of the concept of accrued liabilities under GAAP is essential for all accountants and students of management and accounting. Let us know of the accrued liabilities definition and more about them in this article.
Cost Recovery Method
This article aims at explaining to you the cost recovery method of accounting along with a cost recovery method example. So, continue reading to know more...
Generally Accepted Auditing Standards
Read this article to find out all about the generally accepted auditing standards and their impact on the profession. Have a look...
Accounting Conventions
A thorough knowledge of the accounting conventions and practices is very essential for all accountants, management students as well as businessmen. So, in this article, let us know more about the accounting conventions definition and what are the accounting conventions.
Profit Margin Ratio
This article will tell you all about the profit margin ratio definition and what it indicates for a business. While the turnover is an important consideration, it is the profit margin that ultimately denotes the financial health of a business.
What is Contribution Margin
Knowing what is contribution margin and how to find the contribution margin ratio is of great importance for all business owners. So, refer to the content on calculating contribution margin ratio in this article to understand things better...
Deferred Revenue
Understanding how deferred revenue accounting is done is absolutely essential for all businessmen as well as students of accounting. In this article, we shall talk about deferred revenue liability and what is deferred revenue in detail. So, continue reading to know more...
Accrued Expenses
In the following article, the financial concept of accrued expenses has been discussed. To know more about accrued expenses, read on…
Prepaid Expenses
The concept of prepaid expenses is occasionally used in financial, cost and managerial accounting policies. To know more about financial expenses and their accounting treatments, read on…
Generally Accepted Accounting Principles
After you've familiarized yourself with the various accounting concepts and conventions, you would probably want to go through the Generally Accepted Accounting Principles or GAAP. The following article is an attempt to convey the required information in a simplified manner.
Accounts Payable Procedures
Accounts and finance departments often deal with what is known as accounts payable procedures. In the following article, a brief elaboration on some of the general accounts payable procedures is given.
Going Concern Concept
What is the going concern concept in accounting? How does the going concern concept affect financial projections of the future? Read to know all about it...
Accrued Revenue
What is accrued revenue? How is accrued revenue calculated? Read to find all the answers. . .
Owners Equity
Knowing what is owners equity is extremely essential for all businessmen. In this article, we shall know how to calculate owners equity with the help of owners equity formula.
Tangible Assets
The concept of tangible assets is extremely easy to understand. Find out how, in the article below.
Accounts Receivable Turnover
What is accounts receivable turnover ratio? How to calculate accounts receivable turnover ratio? Read, to find out all the answers. . .
What is Accounts Payable
This article aims at explaining to you what is accounts payable and accounts receivable and the accounts payable job description in detail. So, continue reading to know more...
Accounting Cycle Steps
Understanding the accounting cycle steps is of prime importance to students of accounting, as well as those working as accountants in different firms. So, go through this article to know about the steps in the accounting cycle.
Debit Vs Credit
The world of commerce revolves around the terms debit and credit. Debit vs Credit is a small comparison between the two terms and the differences in them have been explained in the following paragraphs. To know more, read on...
What Is Managerial Accounting
Accountancy is a pretty vast domain, and has much more to it than just arithmetic calculations. What is managerial accounting? How is it different from financial accounting? Let’s find out!
How to Prepare Cost Sheet
How to prepare cost sheet? What are the elements of a cost sheet? These might be the questions in the minds of many businessmen who have their own factories. So, continue reading this article to know in detail how do you prepare a cost sheet.
Cost Accounting vs Managerial Accounting
In the following paragraphs, a brief yet comprehensive elaboration regarding cost accounting vs managerial accounting has been given. To know more about the difference between cost and managerial accounting, read on...
Cost Accounting vs Financial Accounting
In the following article, a brief elaboration on the concept of 'cost accounting vs financial accounting has been provided. The points of differentiations, some technical factors that differentiate them from one another have been also provided. To know more, read on...
Gross vs Net Profit
In the following article, some important distinguishing points regarding 'gross vs net profit' have been discussed. The convention of calculating gross and net profit is very common and is widely followed in the business world. To know more about gross and net profit, read on...
Types of Accounting
Learning about the types of accounting will help you get a fundamental knowledge about the working of various sectors in the financial management field. This article focuses on the types of accounting.
Matching Principle
Matching principle in accounting helps in linking revenue earned, to the associated costs incurred. The following article, on matching principle in accounting, will help explain this accounting principle in simple words.
Economic Profit
The aim of this article is to explain to you the concept of economic profit and also the difference between economic profit and accounting profit. So, keep reading to know more...
Accounting Terms Explained
Accounting deals with the recording of transactions of an organization. The accounting terms explained below are the most frequently used terms in accounting and will help you understand the subject of accounting better.
Financial Accounting vs Managerial Accounting
What is the difference between financial accounting and management accounting? How are both these types of accounting important? To know the answers of these questions, read the content given in the next few paragraphs.
What Is An Accounting Entity
An accounting entity is a particular business enterprise, which has a separate entity (identity) from the owners and managers who are a part of the big organization. Scroll down to know more about the accounting entity.
Accounting Process
Accounting is used for quantitative information of finances. But what is the accounting process? Read on to find out.
Accounting Ethics
Accounting is an integral part of our business and finance world. However there are some accounting ethics to be kept in mind for all financial transactions made. This article will shed some light on accounting ethics and as to why it is important.
Accounting Profit Formula
What is accounting profit? How is accounting profit formula calculated? Keep reading to enlighten yourself about this concept.
Why is Accounting Important
We have all heard about accounting, but have you ever wondered why is accounting important? Here we give you the reasons of why is accounting so important not only for a business but also in our day-to-day lives. Read on...
Accounting Principles and Concepts
What are accounting principles and concepts? The accounting principles are rules that apply the practices of accounting and give guidelines to deal with complex transactions. These accounting principles are then divided into accounting concepts and conventions. Let's understand these accounting principles and concepts in detail.
Job Cost Sheet
Do you need to make a job cost sheet in order to keep track of the costs incurred in providing services to customers? If yes, then in this article, you will learn how to draft a cost sheet with the help of a template.
Net Sales vs Gross Sales
Before starting a company, you should know the difference between net sales vs gross sales. Only then will you understand how much profit your company is earning, or whether it's going through a loss. Read on, if you want to know more about net sales and gross sales.
Importance of Accounting
Some of the reasons highlighting the importance of accounting have been highlighted in the following paragraphs. To know more about the importance of accounting, read on...
Multi Step Income Statement
If you are planning to invest in the stock market, then you need to understand basic financial terminologies, such as multi-step income statement, single-step income statement, balance sheet, statement of cash flow, etc. This will help you make some smart investments. The article below will share some information about multi-step income statement and provide you with a template for the same...
Accounting Outsourcing: Benefits of Accounting Outsourcing
One of the most apparent accounting outsourcing benefits is that operating costs of the company are reduced substantially. This article focuses on the advantages of accounting outsourcing.
Accounts Receivable Aging Report
In the world of business, an accounts receivable aging report is a very important statement that is used to record data that is related to the debtors of a business. The following article is a brief elaboration of such reports. To know more, read on...
Horizontal Analysis
Horizontal analysis is one of the foremost techniques in financial management and analysis. Here's an article on the horizontal analysis of financial statements.
Vertical Analysis
Vertical analysis is an integral part while carrying out the overall financial analysis of any firm. Read the article to learn about vertical analysis and also how to do one.
Trade Discount
What is trade discount? Read on for a fairly simple article on what is trade discount and trade discount formula.
Billing Statement Template
Looking for a billing statement template? Here's an article on how to draw up a template for billing statement.
Expense Report Template
Looking for an expense report template to record all your expenses? Here is an article on what is an expense report followed by a template for expense report.
Income Statement Format
How to prepare an income statement format which is easy to understand and update? Here's an article which will teach you the correct income statement format.
Tangible Fixed Assets
The art and science of financial accountancy is difficult to master, and one needs to have complete and accurate knowledge of every concept of accountancy. Tangible fixed assets is a term that is commonly used by people studying finance, economics and accountancy. To know more about tangible fixed assets, read on...
Income Statement Template
What is the best way of making an easy-to understand and easy-to-update income statement? These income statement templates might come in handy in helping you go about your task.
Cost Control Methods
Business managers throughout the world fight a never ending battle against rising costs. Cost control methods are constantly being derived, developed, deployed and discarded, in order to reduce the cost of all operations. The following article is a brief elaboration of cost control methods. To know more, read on...
Internal Controls in Accounting
Accounting is a very crucial field that demands the compliance of many standards and statutory requirements. Internal controls in accounting are not only a statutory requirement, but are also an instrument of finance management. To know more, read on...
Expense Report Sample
There are several types of financial statements that are recorded by the finance and accounts departments, to record and verify expenditures. An expense report sample is described in the following article. To known more about expense reports, read on...
Cost Control Management
What is cost control management? Here's an article which comprehensively talks about cost control management definition and the need for cost control management in businesses today.
Purpose of Accounting
Are you wondering why companies invest so much time and money in maintaining their accounts? If yes, read on for information on the purpose of accounting.
Economic Profit vs Accounting Profit
A lot of people get confused about the difference between economic profit and accounting profit. What is economic profit and what is accounting profit? Here's an article on economic profit vs accounting profit.
Equity Method of Accounting
If you wish to know what is the equity method of accounting for investments in common stock, you have come to the right place. This article will give you all the details on the equity method of accounting definition, equity method of accounting for joint ventures, and the process of consolidation of accounts under this method of accounting.
Cost Method of Accounting
This article is intended to explain the concept and usage of the cost method of accounting without getting into the nitty-gritty of its types, like full cost method, average cost method, etc. The following article gives an overview of the cost method of accounting for investments.
Bachelor's Degree in Accounting
Want to pursue a degree in accounting? Read on to know more about Bachelor's degree in Accounting and its importance in the world of business and finance.
Comptroller Job Description
This article speaks about comptroller job description, a career which is ' high in demand', because of the decent salary range and excellent career outlook.
Accounting Terms - Glossary of Accounting Terms and Definitions
Bookkeeping and Accountancy are the subjects that deal with maintaining a record of all the transactions that a business/individual makes. It helps to keep a track of the financial position of the business and forms the basis for good financial planning. Here is a glossary of the most commonly used accounting terms.
Basic Accounting Concepts and Principles
Accounting refers to the systematic recording of business transactions and preparation of statements relating to assets, liabilities and functioning results of a business. Accounting has to follow certain fundamental rules that form the basic accounting concepts and principles. Here is a list of the basic accounting concepts and principles.
Types of Accounting Careers
If you are good with numbers, then a career in accounting must be explored. Let's take a look at some of the different types of careers in accounting.
An Introduction to Financial Accounting
To understand the basics and other concepts related to financial accounting, read on...
What is Forensic Accounting?
Auditing and accounting is an unlikely combination - but that's what forensic accounting is all about! Forensic essentially means 'anything that is suitable to be used in a court of law' and this is exactly what forensic accountants are meant to do. The exciting field of forensic accounting deals with providing and accounting analysis of a case that is suitable to be used in any court of law. Let us enter the world of forensic accounting!
U.S. GAAP - Generally Accepted Accounting Principles
U.S. GAAP is the standard platform of guidelines regarding rules for financial accounting that're needed in the preparation of financial statements. Although quite flexible in its rules, this framework is based upon certain constraints and principles to address specific necessities.
Online Accounting Degree Program
FIve reasons for considering an Online Accounting Degree Program.