Debits and Credits Explained: An Illustrated Guide
Debits and credits in accounting are used to record every business transaction. This guide explains debit and credit rules using the acronym “DEALER.”
Recording Business Transactions
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.
Accounting Concepts
There are several accounting concepts and assumptions that provide the foundation of accounting and finance. These accounting concepts are important to understand financial statements.
Accounting Careers and Certifications
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…
The Ultimate Guide to Learn Intermediate Accounting
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.
Average Net Worth by Age
The average American household’s net worth is $748,800. However, a better comparison is the median net worth of $121,700. This article shows the average and median net worth by age.