Liability
What is a Liability? In accounting, a liability is debt owed to company or individual. Liabilities are a claim on a company’s assets by the creditors. Liabilities require a payment of assets, such as cash, or a performance of a…
Jeff Mankin
Jeff Mankin teaches financial literacy and Excel. He is the founder of Finally Learn.
Asset
In accounting, an asset is a resource owned by a company or entity. Assets provide probable future economic benefits. These benefits include increasing sales or cash flow or reducing expenses. What is an Asset? Assets appear on a company’s balance…
Calculate Compound Annual Growth Rate (CAGR)
What is CAGR? CAGR is the measure of an investment’s growth over time. CAGR includes compound interest and is thus superior to average annual returns. Compound annual growth rate (CAGR) is the return required to grow an investment’s beginning value…
Conceptual Framework for Financial Reporting
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 principles is set by the Financial Accounting Standards Board (FASB). This is Intermediate Accounting…
Financial Accounting Standards
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 Standards. Chapter 1: Financial Accounting and Accounting Standards This is Intermediate Accounting Chapter 1. For more…
Stock Data Types in Excel: Get Stock Prices Quickly
You can now get stock prices quickly using stock data types in Excel. This article explains how to pull stock prices using Excel. Stock data types is a new feature in Excel using Microsoft 365. Recently, Microsoft released brand new…