Depreciation Methods
The article discusses the process and methods of Depreciation fixed assets, highlighting three main approaches: straight-line, units of … Read More
Non-Current Assets
The article discusses non-current assets, highlighting their classification into fixed (tangible) assets, intangible assets, and natural resources. It … Read More
Types of Financial Statements with Examples
The article outlines the three main types of financial statements—balance sheet, income statement, and statement of cash flows—explaining … Read More
Difference between Primary and Secondary Capital Markets
The article explains the differences between primary and secondary capital markets, focusing on their distinct functions, structures, and … Read More
Organizational Structure of a Corporation
The article outlines the organizational structure of a corporation, highlighting the roles of shareholders, the board of directors, … Read More
Secondary Market Characteristics
The article discusses key characteristics of secondary markets, emphasizing the importance of accurate pricing and liquidity. It also … Read More
What is Fraud Triangle?
The article introduces the concept of the fraud triangle, which consists of perceived pressure, rationalization, and perceived opportunity—three … Read More
Differences between FASB and IFRS
The article discusses the key differences between FASB and IFRS, mainly highlighting how they treat asset and liability … Read More
How Is Inventory Reported on a Balance Sheet?
The article explains how inventory reported on a balance sheet, including its classification as a current asset and … Read More
How Inventory Is Valued?
The article discusses inventory valuation under the conservatism principle, emphasizing the lower-of-cost-or-market (LCM) rule, which requires businesses to … Read More
Unadjusted Trial Balance
The article covers the concept and purpose of an unadjusted trial balance, explaining its role in verifying debit … Read More
Post-Closing Trial Balance
The article explains the purpose and timing of a post-closing trial balance, which is prepared after closing entries … Read More
Closing Entries
The article discusses the purpose and process of closing entries in accounting, emphasizing their role in resetting temporary … Read More
Adjusted Trial Balance
The article discusses the purpose and structure of an adjusted trial balance and explains how it serves as … Read More
Degree of Operating Leverage
The article explains the concept of operating leverage, distinguishing between high and low operating leverage based on a … Read More