Accounting is the process of keeping track of all financial transactions within a business, such as any money coming in and money going out. It’s not only important for businesses in terms of record ...

Basic accounting principles form guidelines that govern the preparation of financial reports. These guidelines provide a comprehensive framework for classifying, recording, presenting and interpreting ...

So, you're interested in accounting but aren’t sure if earning your bachelor’s degree in accounting is the right move for you. Or, maybe you’ve already started your career but want to elevate your ...

Money rules the world. From Fortune 500 companies to the dollar bills in your wallet, money is what makes the world go round. Although many people lack a basic understanding of money. That’s why we ...

Banks and investors will typically use financial ratios to measure the performance of your business. They may also be used to gain insight on a company’s financial statements. Regardless if you’re a ...

Timothy Li is a consultant, accountant, and finance manager with an MBA from USC and over 15 years of corporate finance experience. Timothy has helped provide CEOs and CFOs with deep-dive analytics, ...

It may seem belated, but the Governmental Accounting Standards Board has just recently gotten around to defining such fundamental accounting concepts as "asset" and "liability."It has also defined a ...

Managing a business is no small feat, as it requires an adept understanding of financial systems and processes. Knowing the basics of business finance management can feel overwhelming to many business ...

New concept statements released Wednesday address financial statement elements and factors FASB should consider in developing accounting guidance. The statements are presented as new chapters of ...

Basic accounting provides information to identify and classify financial transactions. Business owners often need basic accounting skills to manage their company's financial information. Business ...

From monthly profit-and-loss statements to annual reports, accounting is just basic business hygiene, right? Wrong. Read on to see how your business can use financial information as a strategic tool ...