While finance and accounting can seem daunting to those without a financial background, you don’t need to dive too deep into those fields as an early-stage startup founder. Knowing these ...

The accounting equation defines a company’s total assets as the sum of its liabilities and shareholders’ equity. It's the foundation of the double-entry accounting system.

What is a simple definition of accounting? Accounting consists of tracking financial transactions and analyzing what they mean for your business. How does accounting help small businesses?

The conceptual framework is a series of Statements of Financial Accounting Concepts (SFACs), taken as a whole, set the objectives, characteristics and other concepts that determine how financial ...

Students sometimes have difficulty in fully understanding the implications and applications of behavioral concepts to accounting. A reason for this difficulty may be because these concepts are ...

Abstract Introduces the accounting framework, basic financial statements, and eleven accounting concepts.

The 49-year-old recently spent four Saturdays attending workshops to prepare for the CPA exam, reviewing concepts from intermediate accounting classes. The workshops were the first series offered ...

What Is the Accruals Concept?. The accrual concept in accounting means that expenses and revenues are recorded in the period they occur, whether or not cash is involved. The benefit of the accrual ...