Financial Accounting

The article provides an overview of how investments in debt and equity securities are categorized and accounted for … Read More

The article explains the concept of an ordinary annuity and how to calculate its present value using a … Read More

The article explains the concepts of markup and margin, highlighting how they are used to determine pricing and … Read More

The article covers the various methods businesses use to disposal of fixed assets, such as discarding, selling, or … Read More

The article provides an overview of intangible assets, including their nature, types (such as patents, copyrights, trademarks, franchises, … Read More

The article discusses stockholders’ equity, including its two main categories—paid-in capital and retained earnings—and outlines the basic rights … Read More

The article discusses the process and methods of Depreciation fixed assets, highlighting three main approaches: straight-line, units of … Read More

The article discusses non-current assets, highlighting their classification into fixed (tangible) assets, intangible assets, and natural resources. It … Read More

The article outlines the three main types of financial statements—balance sheet, income statement, and statement of cash flows—explaining … Read More

The article introduces the concept of the fraud triangle, which consists of perceived pressure, rationalization, and perceived opportunity—three … Read More

The article discusses the key differences between FASB and IFRS, mainly highlighting how they treat asset and liability … Read More

The article explains how inventory reported on a balance sheet, including its classification as a current asset and … Read More

The article covers the concept and purpose of an unadjusted trial balance, explaining its role in verifying debit … Read More

The article explains the purpose and timing of a post-closing trial balance, which is prepared after closing entries … Read More

The article discusses the purpose and process of closing entries in accounting, emphasizing their role in resetting temporary … Read More