Accounting Basics: Current Assets - Accounts Receivable
Almost as common a term as cash nowadays, accounts receivable is an accounting term meaning amounts owed to a bus…
Accounting Basics: Current Assets - Cash
Cash is normally the first item listed under Current Assets on the Balance Sheet. What does cash include? Cash …
Accounting Basics: Current Assets
We've previously discussed what Assets are. In an unclassified balance sheet where you only have 3 major cla…
Accounting Basics: Assets
As hinted in my previous entry, the balance sheet is comprised of three basic sections: assets, liabilities and owner…
Accounting Basics: The Balance Sheet
One of the fundamental components (for want of a better word) of accounting is the Balance Sheet. The balance sheet i…
Accounting Basics: Management Accounting vs. Financial Accounting
This 3rd installment in my "Accounting Basics" series will discuss the differences between Management Accoun…
Accounting Basics: Public Accounting vs. Private Accounting
Next in my Accounting Basics Series: Public Accounting vs Private (Industrial) Accounting. The old accounting text bo…
Accounting Basics: Accounting and The Accounting Cycle
What is accounting? My old accounting text book defines it as: "the process of identifying, measuring, and commu…