adminWhen Do Annual Reports Come Out? What are Annual Reports? Annual reports are comprehensive documents that provide an overview of a company’s financial performance and operations over a year. This type of report became a regular part of corporate financial reporting after the stock market crash of 1929, when legislation was enacted to ensure its … Read more
Seed Funding Vs Angel Investor Vs Venture capital Financing a business is a critical decision for any entrepreneur. Seed funding, angel investor, and venture capital are three of the most popular options for financing a business. Each of these financing options has its own advantages and disadvantages, and it is important for entrepreneurs to understand … Read more
Amount Due To and Amount Due From Are you confused about the differences between “amount due to” and “amount due from”? Don’t worry, you’re not alone. It can be difficult to understand how these two financial terms can affect your business’s finances. The first thing you need to understand is that both amount due to … Read more
Analytical Review of Financial Statements Financial Statements Financial statements are documents that present a concise summary of a company’s financial position and performance at a specific point in time. The four main financial statements are: The balance sheet, which provides detailed information on a company’s assets, liabilities, and equity. The income statement, which records a … Read more
Advantages of Financial Accounting Financial Account Financial accounting is an important tool for providing an accurate overview of a business’s financial position and performance. It records, summarizes, and reports financial transactions that have occurred over some time. Financial statements such as the balance sheet, income statement, and cash flow statement are prepared to provide insight … Read more
Is Accrued Liabilities A Current Liability? Accrued liability is an expense that has been incurred, but not yet paid out, and is only recognized when using the accrual accounting method. To account for accrued liabilities, a business must debit an expense account and credit an accrued liability account. After payment, the business must credit the … Read more
A Decrease in Accounts Payable What is an account payable and what does it include? Accounts payable is the amount of money a company owes to its suppliers for goods and services that have been purchased on credit. Accounts payable is considered a short-term liability, as the debt is typically due within one year. Accounts … Read more
Is Accounts Payable An Asset, Liability Or Equity? Accounts payable Accounts payable signify the monetary debts an organization owes to its vendors for goods and services received. They are a liability on the company’s balance sheet, representing the amount of money that the organization owes and therefore must pay out in the future. This amount … Read more
Accounting for Raw Materials Raw materials accounting is an essential part of financial management. It is a critical component of the cost of goods sold (COGS) and inventory and is used to calculate cost of goods manufactured (COGM). This article aims to provide an overview of the accounting principles and practices related to raw materials. … Read more
Is Accounting harder than Nursing? Accounting vs Nursing Accounting and nursing are two professions that require very different skill sets and educational requirements. Both careers have different job outlooks, time commitments, and work environments. This article will explore the differences between accounting and nursing, and discuss which one is harder. It will evaluate the educational … Read more