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Posted inFinancial Accounting
financial modeling
What is a financial model? A financial model is simply a tool that’s built in…
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Financial Reporting?
Definition: Financial reporting refers to the communication of financial information, like financial statements, to the financial…
Posted inFinancial Accounting
General Purpose Financial Statements?
General-purpose financial statements are issued throughout the year to aid investors and creditors in their…
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Financial Ratio Analysis
Financial ratios are mathematical comparisons of financial statement accounts or categories. These relationships between the…
Posted inFinancial Accounting
What is the Statement of Cash Flows?
The Statement of Cash Flows (also referred to as the cash flow statement) is one of…
Posted inFinancial Accounting
Chart of Accounts
Introduction to Chart of Accounts A chart of accounts is a listing of the names…
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The types of accounting
There are several types of accounting that range from auditing to the preparation of tax…
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Financial Accounting Basics
The field of accounting is often thought of as a set of complex business rules…
Posted inFinancial Accounting
What is the FASB (Financial Accounting Standards Board)?
Definition: The Financial Accounting Standards Board or the FASB is an organization created to establish…
Posted inFinancial Accounting
Accounting Principles
What are Accounting Principles? Definition: Accounting principles are the building blocks for GAAP. All of the…