The first step in financial reporting is recording business transactions. The business transactions are first recorded as journal entries. The goal of financial accounting is to issue financial statements.
Recording Business Transactions Read More »
Financial statements are everywhere. Sometimes, understanding them seems impossible. This beginner’s guide shows the basics of financial statements.
Financial Statements: A Beginner’s Guide Read More »
Adjusting entries are made at the end of a period to update accounts. An adjusting entry affects the income statement and balance sheet accounts.
Adjusting Entries and the Accounting Cycle Read More »
Debits and credits in accounting are used to record every business transaction. This guide explains debit and credit rules using the acronym “DEALER.”
Debits and Credits Explained: An Illustrated Guide Read More »
Studying accounting can be intimidating. Accounting is the first business course for many college students. It is a difficult and challenging subject. Here are the top 10 tips to make an A in accounting.
10 Tips to Make an A in Accounting Read More »
This is a guide for students learning managerial accounting. This guide includes all the chapters in a managerial accounting class. This is also helpful for entrepreneurs who want to have a better understanding of their business.
The Ultimate Guide to Learn Managerial Accounting Read More »
