Financial Accounting

Financial Accounting involve recording financial data and preparing financial statements of entity based on accounting standards or reporting frameworks.

  • Types of Financial Statements
  • Element of Financial Statements
  • Balance Sheet
  • Income Statement
  • Accounting principle
  • Assets
  • Liabilities
  • Retained Earning
  • Trial Balance
  • Financial Statements Analysis
  • And others importance topics related to auditing

Rull of Debit and Credit in Accounting for Beginner (Ultimate Guide)

Accounting can be defined as the recording, summarizing, analyzing, classifying, presenting, and reporting of financial information. Financial information is mainly obtained when business transactions take place. Once financial information about business transactions is obtained, it is entered into the accounting system, mainly the general ledgers of a business. At the end of every period, this …

Rull of Debit and Credit in Accounting for Beginner (Ultimate Guide) Read More »

What Are the Variable Costs? – Definition, Formula, Example, And More

Definition: A variable cost is a direct cost that the total costs or expenses change when the total volume of goods and services that the company produces. A company’s total variable cost increases and decreases with the amount of production, but the variable cost per unit is not changing. If production goes up, variable costs …

What Are the Variable Costs? – Definition, Formula, Example, And More Read More »

Why is Working Capital Negative? (Explanation With Example)

Introduction: Working capital is the amount of a company’s current assets less current liabilities. This capital of a business is required to fulfill the daily trading operation of a business. Net working capital is normally positive when total current liabilities are less than total current assets. Negative working capital occurs when the current liabilities exceed …

Why is Working Capital Negative? (Explanation With Example) Read More »

How Difficult is an Accounting-related Job? Is It Really Stressing?

Accounting and finance are indeed competitive fields with different career options and good annual packages. Finance professionals and accountants can also set up independent firms or work as freelancers to grow their multiple income streams and increase their wealth. That’s why more and more students are eager to join the accounting field besides computer and …

How Difficult is an Accounting-related Job? Is It Really Stressing? Read More »

7 Best Calculator For CPA, CFA, And Accountants

If you are a professional accountant, CPA, CFA, or mortgage broker, you will have to spend most of your time doing calculations, analyses, and computations. The calculations’ complexities might differ for each professional, but the need is almost identical. However, it will be unjustified if a professional at such a level is not provided with …

7 Best Calculator For CPA, CFA, And Accountants Read More »

What is Meant by Credited to Your Account?

Individuals and businesses must follow accounting procedures and regulations to report expenses, revenues, assets, liabilities, contingencies, etc. However, when you are just starting to understand accounting and financial reporting, the rules of debit and credit can be very confusing. Yet another confusion that exists is the difference between double-entry, single-entry, GAAP, IFRS, etc. It might …

What is Meant by Credited to Your Account? Read More »