eFinanceManagement

Advantages and Disadvantages of Different Types of Accounting

Accounting is the art of recording, analyzing, classifying, summarizing, and presenting financial information pertaining to an entity. It serves two purposes internal, i.e., to… Read Article

Three Statement Model

What is a Three Statement Model? The three-statement model is a fundamental financial analysis tool used by businesses and investors to evaluate the financial… Read Article

Limitations of Financial Statements

The primary limitations of financial statements are their heavy reliance on historical costs, indifference to inflation, being prone to fraud, being easily manipulated, etc.… Read Article

Financial Statement Notes / FootnotesFinancial statement notes are the additional important information apart from the basic three financial statements. These notes to financial statements… Read Article

Types of Financial Statements

There are three basic types of financial statements. We categorize another two important parts of an annual report as financial statements. Let’s begin our… Read Article

Fixed Asset Register

What is Fixed Asset Register? The fixed asset register contains the list of all the fixed assets a business owns. The purpose behind maintaining… Read Article

Fixed Asset

What is Fixed Asset? A fixed asset, in accounting, is defined as a long-term asset having a lifespan > 1 financial year and a… Read Article

Capitalizing Assets

What are Capitalizing Assets? Capitalizing assets means you are carrying an asset to the balance sheet. It indicates you purchased an asset, the life… Read Article

EBITDA

Meaning of EBITDA Earnings before Interest, Taxes, Depreciation, and Amortization (EBITDA) can be defined as a company’s operating profit without considering factors such as… Read Article

Intangible Assets and its Types

An intangible asset is a useful resource without any physical presence. Patents, copyrights, trademarks, goodwill, etc., are intangible assets. Such assets produce economic benefits,… Read Article

Bills Payable

Meaning of Bills Payable Bills Payable (B/P) is a liability document that shows the indebtedness of an individual, an organization, etc. When an individual or… Read Article

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