GAAP vs Non-GAAP – All You Need To Know
Companies can adopt different ways to track and report financial information to the stakeholders. While in the United States, the companies follow the US… Read Article
Financial Accounting
GAAP vs IFRS – All You Need To Know
Initially, many countries developed their own accounting standards. All these standards were different from others in a way that each had a different approach,… Read Article
Advantages and Disadvantages of Partnership
A partnership form of business has several advantages and disadvantages, which we will discuss in this article. But first, let’s look at a brief… Read Article
Advantages and Disadvantages of Perpetual Inventory System
To understand the advantages and disadvantages of the Perpetual Inventory System, think of an Ice-cream chain with 25 outlets across the city. Also, all… Read Article
GAAP Financial Statements – Requirements, Benefits And More
Generally Accepted Accounting Principles or GAAP are basically the set of ten accounting standards set by the United States Financial Accounting Standards Board (FASB).… Read Article
All 10 GAAP Principles – Meaning, Importance And More
Generally Accepted Accounting Principles or GAAP are the set of accounting principles, concepts, and guidelines that guide the more detailed and comprehensive accounting rules,… Read Article
GAAP Accounting – All You Need To Know
Generally Accepted Accounting Principles or more widely known as GAAP, is the set of accounting standards. Organizations use the GAAP principle to record and… Read Article
Net Income
Today let us discuss the Net income metric. As many would agree, revenue growth is vital to the growth of your business. However, a… Read Article
Advantages and Disadvantages of Sole Proprietorship
There are many advantages and disadvantages of a sole proprietorship firm. Before getting into them, let’s quickly understand what a sole proprietorship firm is.… Read Article
Statement of Stockholders Equity – Format, Example and More
Statement of Stockholders Equity (or statement of changes in equity) is a financial document that a company issues under its balance sheet. The purpose… Read Article
Advantages and Disadvantages of Corporations
To better understand the advantages and disadvantages of corporations, let’s understand them with the help of an example. Sam is the owner of a… Read Article