Taking notes is an important learning and professional skill. One of the best note taking methods is the Cornell method. The Cornell note taking system The Cornell note taking system is a...

The conceptual framework shows the basic objectives of financial reporting. It also describes the financial reporting elements and concepts. The conceptual framework of generally accepted accounting...

Generally accepted accounting principles (GAAP) are the accounting standards in the U.S. IFRS are the international accounting standards. IFRS are the International Financial Reporting...

This is a study guide for Intermediate Accounting. It includes all the chapters and material for the full year of Intermediate Accounting. This includes Intermediate Accounting I and Intermediate...

The rule of 72 is an estimate for how fast an investment doubles at a specific interest rate. The formula is 72 divided by the interest rate. This shows how many years for your investments to...

Debits and credits are used to recored every business transaction. This guide explains debits and credits rules using the "DEALER" method for each account. What are debits and...