Accounting Basics
Profit and LossIt might seem like a no-brainer to define just exactly what profit and loss are....
What is Accounting?Anyone who’s worked in an office at some point or another has had to go to...
Basic Accounting PrinciplesAccounting has been defined as, by Professor of Accounting at the University of Michigan...
Read More Posts From This CategoryAccounting as a Career
Career as a Forensic AccountantIs there such a thing as a forensic accountant? Well, you might find it hard to believe...
Never too Old to Start a Career in AccountingYou’re never too old to dream, right? If it is your ambition to become a well-known...
Reasons to Choose a Career in AccountingAccounting or accountancy is one of the best careers available today. Accountants...
Read More Posts From This CategoryBusiness Accounting
Price/Earnings Ratio or P/E RatioThe price/earning (P/E) ratio is another measurement that’s of particular interest to investors in public businesses. The P/E ratio gives you an idea of how much you’re paying in the current price for stock shares for each dollar of earning. Earnings prop up the market value of stock shares, not the book value of the stock shares that’s... [Read more of this review]
How Accounting Basics are Used in BusinessIt might seem obvious, but in managing a business, it’s important to understand how the business makes a profit. A company needs a good business model and a good profit model. A business sells products or services and earns a certain amount of margin on each unit sold. The number of units sold is the sales volume during the reporting period.... [Read more of this review]
Independent AuditorsIndpendent CPA auditors are like referees in the financial reporting arena. The CPA comes in, does an audit of the business’s accounting system and methods and gives a report that is attached to the company’s financial statements. Publicly owned businesses are required to have their annual financial reports audited by independent CPA firms... [Read more of this review]
Accounting CareersThere are many different careers in the field of accounting ranging from entry-level bookkeeping to the Chief Financial Officer of a company. To achieve positions with more responsibility and higher salaries, it’s necessary to have a degree in accounting as well as achieve various professional designations. One of the primary milestones in any... [Read more of this review]
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