The Ultimate Guide to Learn Financial Accounting
This guide helps you learn financial accounting basics. This is for students learning accounting and for anyone who wants to understand financial statements.
finance
Accounting for Receivables
Receivables are amounts due from another party. Accounts receivable occur when products and services are sold on credit Bad debts are uncollected accounts.
Cash and Internal Control
Cash is a requirement for every business. Cash buys assets and services and pays liabilities. Effective cash management improves the company’s financial health.
Time Value of Money
The time value of money shows that money today is worth more than money in the future. This article shows future value and present value calculations.
Inventory and Cost of Goods Sold
A merchandising company buys and sells inventory. When sold, inventory costs become the cost of goods sold (COGS), which is usually a company’s largest cost.
Accounting for Merchandising Activities
A merchandising company sells merchandise inventory to customers. Accounting for companies that sell inventory is more complex than for service companies.
