Financial accounting principles shape the recording of nearly every business transaction in the business world. The creation of these principles is no small task and can sometimes seem nearly ...

Learn about changes in accounting principles and why businesses make them, as well as the reporting and recording requirements that accompany these changes.

Learn what every business owner needs to know about financial accounting, accounting software and financial statements.

Effective management accounting practices can improve decision-making in organizations, which need sound fundamentals but also speed when trying to decide which strategic paths to follow. In short, ...

U.S. public companies must follow the GAAP rules in preparing their financial statements David Kindness is a Certified Public Accountant (CPA) and an expert in the fields of financial accounting, ...

Purpose: To provide an overview of the fundamentals for basic fund accounting and the financial reporting structure within the context of higher education accounting, Generally Accepted Accounting ...

a) The test will be of two hours duration. b) All questions will carry equal marks. c) The test will be objective type questions with multiple choices of answer. d) The medium of the test will be both ...

It is a primary responsibility of a registered company to review the performances, progress and needs for improvement of the firm over a financial year. This helps the organization to assess the ...

GAAP standards provide uniform financial reporting, critical for investors and auditors comparing companies. Non-GAAP results adjust GAAP figures to highlight specific financial aspects, but they ...

Insurance companies have different financial transactions than most other businesses that buy supplies and then make sales or offer services. Insurance companies may pay claims up front and then try ...