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Audit Department
What is an Audit Department An audit department is a unit within a company or…
Posted inFinancial Accounting
Institute Of Internal Auditors – IIA
What is the Institute Of Internal Auditors - IIA The Institute of Internal Auditors (IIA)…
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Certified Internal Auditor – CIA
Certified Internal Auditor (CIA) is a certification offered to accountants who conduct internal audits. The Certified Internal…
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Accounts Payable – AP
Accounts payable (AP) is an accounting entry that represents a company's obligation to pay off…
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Accounts Receivable – AR
What are Accounts Receivable - AR Accounts receivable is the balance of money due to a…
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Accounting Equation
What is the Accounting Equation The accounting equation is considered to be the foundation of…
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Financial Statements
Financial statements present the results of operations and the financial position of the company. Four…
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What is Financial Accounting?
Definition: Financial accounting is the area of accounting that focuses on providing external users with…
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Accounting
WHAT IS ACCOUNTING? Accounting is the process of systematically recording, measuring, and communicating information about financial…
Posted inFinancial Accounting
Generally Accepted Accounting Principles (GAAP)
WHAT IS GAAP Generally Accepted Accounting Principles (GAAP) is a framework of accounting standards, rules and procedures defined by the…