Journal Entry
Journal entries are the first step in the accounting cycle. They are used to record all business transactions and events in the accounting records… Read Article
Horizontal Analysis
Horizontal Analysis calculates the amount and percentage changes in financial figures from one period to another period of time. In other words, it compares… Read Article
T Accounts
‘For every action, there is an equal and opposite reaction.’ A couple of hundred years ago, Sir Newton gave this phrase to the world.… Read Article
Vertical Analysis – Meaning, Common-size Financial Statements, Benefits, Drawbacks and More
What is Vertical Analysis?Vertical analysis is one of the financial statement analysis methods. It is also known as the common-size financial statement analysis. A… Read Article
Accountant
An accountant is a professional who performs several accounting functions for a business or an individual. Common functions include audits, financial statement analysis, preparation… Read Article
Operating Expenses – Meaning, Importance And More
Operating Expenses or OPEX are those that a company incurs to keep the business running or in the normal course of business. A company… Read Article
Expense Report – Explanation, Uses, and Contents
For any business with employees, the expense report is an important part of its accounting process. It saves the business time and effort and… Read Article
Tax Due Diligence
Tax is one of the most important components that determine the overall profitability of a company. It is so important that it has its… Read Article
Advantages and Disadvantages of Venture Capital
What is Venture Capital?Venture Capital is a mechanism wherein investors support entrepreneurial talent by providing finance and business skills to obtain long–term capital gains… Read Article
Net Sales
Net sales is the income earned by a company after deducting its returns and discounts. The comprehensive income produced by a company in a… Read Article
Comprehensive Income – Meaning, Purpose, And More
Comprehensive Income is the change in owner’s equity for a period excluding any contribution from the owner. In simple terms, it is the total… Read Article