Other Comprehensive Income – Meaning, Importance, Example, and Report
Other comprehensive income or OCI are those income, expenses, gains, and losses that the company is yet to realize. Since these are unrealized items,… Read Article
Owner’s Equity
Difference Between Retained Earnings and Reserves
Risk and uncertainties are part and parcel of every business. How well a business makes preparation to handle these risks and uncertainties is what… Read Article
How to Calculate Total Paid-in Capital?
Paid-in Capital is the money that is received by the company from the public and investors at large for the issuance of its shares.… Read Article
APIC Accounting: Meaning, Working, Accounting Process, Importance and More
APIC: MeaningIn accounting terms, APIC stands for Additional paid-in Capital. And it is an additional amount the investors are ready to pay above the… 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
How To Calculate Retained Earnings – Formula, Example and More
Retained Earnings: MeaningRetained earnings represent the cumulative profits earned by a company over time that have not been distributed as dividends to its shareholders.… Read Article
Statement of Retained Earnings
What is the Statement of Retained Earnings?A statement of Retained earnings is an important financial statement that discloses the amount of retained earnings. Retained… Read Article
Classified Balance Sheet – Meaning, Importance, Format And More
The classified balance sheet shows various information under different subcategories. In simpler terms, the major items such as assets, shareholders’ equity & liabilities, and… Read Article
Fundamental Accounting Equation
What is the Accounting Equation?In the realm of finance and accounting, there exists a fundamental equation that serves as the cornerstone of all financial… Read Article
Balance Sheet – Definition and Meaning
The balance sheet, also known as the statement of financial position, represents a given company and its financial position at a given date (generally… Read Article
Owner’s Equity
Owner’s Equity: MeaningIn simple terms, the definition of owner’s equity can be stated as “A part of the total value of a company’s assets… Read Article