Accounting

The Efficiency ratio is one of the component of financial ratio analysis which is known for calculating that the company is going into profit or… Read More »What is the Efficiency Ratio?

Forensic Accounting is an art of investigation over accounting records, books, financial statements, and all financial-related records and documentation. The result of forensic accounting is… Read More »What is Forensic Accounting?

Accounting Information System (AIS) is an assemblage of activities prepared in a business organization done by business staff for inspection of the business each department… Read More »What is Accounting Information System?

Flowchart is a diagrammatic tool that allows us to explain our point through the chart, shapes, lines, graph, styles, color, customize and so on. There… Read More »Best Flowchart Software

Accrued liability is treated as an expense that we use for our purpose but we do not pay. If we talk about the accrued expense,… Read More »What is Accrued Liability?

An asset is something that is used in the business for the continuity of getting revenue by transferring into customers or clients in exchange for… Read More »What is an asset?

Profit is one of the most widely watched financial metrics in evaluating the financial health of a company. Accounting profit and economic profit are having… Read More »Comparison of Accounting Profit vs Economic Profit

Accelerated depreciation is referred to those methods where the asset cost is depreciated at a faster rate than the straight-line method and therefore it leads… Read More »What is Accelerated Depreciation?

Every business whether it is small or big needs to prepare financial statements for balancing and determining the actual position of business. Profit and loss… Read More »How do I prepare a Profit and Loss Statement?

Today here we are going to discuss what is what is annual percentage rate or APR, and to completely know all about these read this… Read More »What is Annual Percentage Rate(APR)?

GAAP is a set of accounting principles, methods, procedures that are used by accountants to record and report the financial statement or information. GAAP refers… Read More »What is Generally Accepted Accounting Principles(GAAP)?

Accounting is that which tells how your business records, organizes, and understands its financial information. It is one of the key functions of all businesses.… Read More »What is Accounting? What Are Its Types?