Intangible Assets

Assets such as patents and copyrights that have no physical form; they are valuable because of the special … Read More

Stockholders Equity

Shareholders’ equity is the phrase used to describe owners’ equity in a corporation. The stockholders’ equity of a … Read More

Non-Current Assets

Typical business assets are divided between non-current assets, which are expected to be retained by the business for … Read More

What is Fraud Triangle?

Fraud Triangle The combination of perceived pressure, rationalization, and perceived opportunity necessary to commit fraud. For fraud to … Read More

Closing Entries

Journal entries prepared at the end of the accounting period to zero out the revenue, expense, and dividend … Read More