Business leaders of many privately owned companies often face an overwhelming volume of accounting and financial data. This flood of information can obscure a clear understanding of their organization ...

The new international accounting standard is aimed at more consistent reporting that’s better aligned with how businesses are ...

Small-business owners who want to maximize their company's potential should practice fundamental accounting and understand the fundamental accounting equation. You need a professional accountant – not ...

This course presents an intensive introduction to critical Financial and Managerial Accounting tools, techniques, and concepts. The course provides a comprehensive exposure to basic accounting theory ...

The accounting cycle tracks a transaction until it's added to your company's financial statement. Follow this eight-step ...

Christina Majaski writes and edits finance, credit cards, and travel content. She has 14+ years of experience with print and digital publications. Gordon Scott has been an active investor and ...

The first treatise on double-entry bookkeeping came from the mind and pen of Luca Pacioli. If you've ever wondered why there is a system of accounting software named after a Renaissance era ...

When companies purchase supplies on account, they have to create several journal entries to record the transaction in their financial statements. These entries change the balance of the fundamental ...

During the early days of the COVID-19 pandemic, the turbulence felt unprecedented. Fast forward to 2025, and turbulence is now the norm rather than the exception. Whether it's the impact of economic ...