Accounting Way

In general, the guidelines for revenue recognition are quite broad. On top of the broad guidelines, certain industries have specific additio...

The information that a user of financial information needs depends upon the kinds of decisions the user makes.There are two broad groups of ...

Why is accounting so popular? What consistently ranks as one of the top career opportunities in business? What frequently rates among the mo...

Accountants divide the economic life of a business into artificial time periods (Time Period Assumption) Generally a month , a quarter , or ...

Posting – the process of transferring amounts from the journal to the ledger accounts.

A General Ledger contains the entire group of accounts maintained by a company. The General Ledger includes all the asset, liability, own...

Double-entry accounting system Each transaction must affect two or more accounts to keep the basic accounting equation in balance. Recordin...

Public Accounting Careers in auditing and taxation serving the general public. Private Accounting Careers in industry working in cost accou...

Standards of conduct by which one’s actions are judged as right or wrong, honest or dishonest, fair or not fair, are Ethics . * Recent fina...

The purpose of accounting is to:  identify, record, and communicate the economic events of an   organization to  interested users.

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The shareholder's equity is often an important part of the capital that funds the net assets. The share capital may be made up of bot...

The shareholder's equity comes in the bottom half of the balance sheet and is part of the overall financing of the business. The shareho...