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.

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 are the guiding principles for accurate accounting. The accounting process normally involves nine steps that use different techniques, systems, and documents.

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 has been a big issue in the accounting world. Here are a few reasons why it won't be realized soon.

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.

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.

This article explores how accounting is concerned with collecting, analysing and communicating economic information.

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.