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Accounting
How to Identify and Analyze Transactions in Accounting
What is a transaction? How are transactions identified and analyzed in accounting? Includes a transaction analysis chart to help readers determine whether a statement or event qualifies as a transaction to be recorded.
The DEALER Method in Accounting
This article explains the six types of categories of accounts with the DEALER acronym: Drawings, Expenses, Assets, Liabilities, Equity, and Revenue, with the use of examples.
The Accounting Cycle and the Accounting Process Explained
The accounting cycle and the accounting process are the guiding principles for accurate accounting. The accounting process normally involves nine steps that use different techniques, systems, and documents.
What I Learned in Financial Accounting
Feedback on courses required for a finance degree from the perspective of a finance student. Today we are looking at Financial Accounting.
How Auditors Use Continuous Audit Techniques (CATs)
Continuous Audit Techniques are used by auditors to verify transactions in real-time. They are essential for auditing businesses that generate a huge volume of transactions over a short period. Here's what you need to know.
IFRS and GAAP Convergence: Why the US Resists International Reporting Standards
IFRS and GAAP convergence has been a big issue in the accounting world. Here are a few reasons why it won't be realized soon.
The Decline and Fall of Arthur Andersen
At one time, "Big Eight" accounting firm Arthur Andersen was larger than the other seven combined. Then came the Enron and WorldCom debacles, bringing about the downfall of the International Giant.
Advantages of Using Peachtree Accounting Software
Peachtree by Sage is a great choice for your small business bookkeeping needs. It is easy to set up, easy to use, affordable, and provides plenty of reports.
Accounting and Its Role in Society
This article explores how accounting is concerned with collecting, analysing and communicating economic information.
Managerial Accounting: Absorption, Variable & Throughput Costing
Profit is the yard-stick for evaluating performance of any business concern. Since ultimate profit depends upon plan and control, cost accounting plays a vital role.