Accounting Basics

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Bookkeepers and Accountants, have the task to collect the financial and economic information and keep track of every financial transactions on a daily basis, they play significant role and have great  impact in helping companies and organizations to plan and manage their finances. Financial professionals help companies to gather and share information, assembled in their daily work and research, also offering the  investors, government officials. management and individuals with business profits. This section provides a quick and easy way to learn about the accounting industry and profession.  After learning the basic and practical accounting students can find job in industry firm or work as independent consultants and professionals. The articles included in this report the key principles, concepts, definitions, terminology and accounting terms, accounting principles and ethics.

Purpose of Accounting

Do you know why companies invest so much time and money in maintaining their accounts? what is the purpose of accounting read more....

Going Concern Concept

What is the going concern concept in accounting? How does the going concern concept affect financial projections of the future? Study more about this concept

Debit Vs Credit

This whole world of accounting revolves around the terms debit and credit. Debit vs Credit is a small comparison between the two terms and the differences in the them have been explained in the following paragraphs. To know more, read on...

Accounting Cycle Steps

Basic understanding the accounting cycle steps is of very important for students of accounting, as well as those working as accountants in different firms. So, if you want to understand it fully please read more

Revenue Recognition Principle

Dealing with accountancy and its various principles? Well, if you want to know more about the revenue recognition principle and its importance read further

Accounting Conventions

An in depth knowledge of the accounting conventions and practices is very essential for all accountants, freshers and  management students as well as businessmen. So in this topic we will discuss various accounting  conventions and their relevance in accounting field

Owners Equity

One should know what is owners equity it is extremely essential for all businessmen. In this topic, we shall know how to calculate owners equity with the help of owners equity formula.

Profit Margin Ratio

This topic will  tell you all about the profit margin ratio definition and what it indicates for a business. While the turnover is an important consideration, it is the profit margin that ultimately denotes the financial health of any organization or entity

Deferred Revenue

Understanding how deferred revenue accounting is done is absolutely essential for all businessmen as well as students of accounting. In this topic we shall discuss about deferred revenue liability and what is deferred revenue in detail. know more read on carefully.

Accrued Expenses

In this topic we will discuss the financial concept of accrued expenses has been discussed. To know more about accrued expenses, click on the headings to know more

Prepaid Expenses

The concept of prepaid expenses is occasionally used in financial accounting, mainly at the time of finalization of accounting records.  Read more about it

Tangible Assets

The concept of tangible assets is very easy to understand and is interesting too. Find out how, in the topic more about it.

Accounts Receivable Turnover

What is accounts receivable turnover ratio? How to calculate accounts receivable turnover ratio? How does it effect the performance of the business Read, to find out .

What is Accounts Payable

We will try to  explaining to you what is accounts payable and accounts receivable and the accounts payable job description in detail. So, continue reading to know more...