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.
There are several accounting concepts and assumptions that provide the foundation of accounting and finance. These accounting concepts are important to understand financial statements.
This guide shows the accounting careers, the certifications, including the CPA designation, and the professional associations in the financial industry. There are many accounting careers available in the financial industry for accounting graduates. Accountants work in many areas of public and managerial accounting.
Accounting is the language of business. Accounting is the process of recording, classifying, summarizing, and reporting financial information about an entity. The goal of accounting is to produce financial statements, including income statements and balance sheets, to provide information for decisions.
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 Accounting II.
The accounting equation is: Assets = Liabilities + Equity. A company’s balance sheet shows this equation. The accounting equation is the basis for double-entry accounting.
