importance of GAAP

Importance of GAAP

GAAP (Generally Accepted Accounting Principles) is a set of rules and guidelines that tell a company how to prepare financial statements. All companies, whether… Read Article
real vs financial asset

Real vs Financial Assets

Assets are very important for businesses, as well as for individuals. The number and quality of assets that one owns go a long way… Read Article
multi step income statement

Multi-Step Income Statement

As the name indicates, a multi-step income statement shows multiple steps in Income Statement. To understand this concept in a better way, we have… Read Article
Forfaiting

Forfaiting

In forfaiting, exporters sell their trade receivables from the importers to a third party. This means that the exporters exchange their trade receivables with… Read Article
Throughput Accounting

Throughput Accounting

What is Throughput Accounting? “Throughput” is the rate at which a corporation converts its goods, services, and other offerings into sales and makes money… Read Article