Financial Accounting

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

The article discusses the purpose and structure of an adjusted trial balance and explains how it serves as … Read More

The article explains key accounting principles under accrual accounting, focusing on the revenue recognition and matching principles. It … Read More

The article provides an overview of financial management, emphasizing its role in raising funds, managing assets, and maximizing … Read More

The article provides an overview of the trial balance, explaining its role in verifying that total debits equal … Read More