Accounting has a very wide reach. Not only it is used in our day to day life and but also used in big corporate workings. It is the most important function for any type of organization. If money is the life blood for an organization then accounting … [Read more...]
10 Important Accounting Terms you must know
Accounting is a vast subject. The world over different tools/methods is used for accounting. But now due to globalization, more nations are agreed to the idea of common accounting practices world over. Though there might be some differences but the … [Read more...]
25 important Accounting Ratios you must know
Accounting Ratio is one of the powerful tools of the financial analysis. It is an mathematical expression which shows relationship between two accounting items. It is an important yardstick for evaluating the financial position and performance of a … [Read more...]
Accounting Cycle Period & Components: Explained
Accounting Cycle refers to complete sequence of accounting procedures which are required to be repeated in the same order during each accounting period. The accounting procedures includes recording, classifying, summarizing, presenting and analyzing … [Read more...]
Accounting Equation Formula and Concepts Explained
The whole concept of accounting is based on accounting equation. It forms a base to finalize books of accounts and to prepare profit & loss account and Balance Sheet. The Accounting Equation is: Assets = Liabilities + Capital Assets Means … [Read more...]
Accounting Definitions with Explanations & Examples
Hi Guys, I have given here various accounting definitions useful for understanding and reference. Various authors and institutions have defined accounting in difference ways. The American Institute of Certified public Accountants (AICPA) has … [Read more...]
Accounting Basics with Examples in Easy Language
Accounting is more than analyzing, recording and classifying monetary data. It also includes presentation of useful information to the management. The accounting basics are very simple and easy to understand. Any transaction which involves money has … [Read more...]