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The Generally Accepted Accounting Principles (GAAP)

The Generally Accepted Accounting Principles, or GAAP, are the accounting principles, standards, and procedures employed by companies in recording their financial statements (“Comprehensive guide…”, 2018). This principle is used to make sure that investors keep a consistent level of financial statements when trying to figure...

Accounting Finance 1 Page

Financial Statements Analysis

Every enterprise whether big, medium or small, needs finance to carry on its operations and to achieve its targets. In fact, finance is so indispensable today that it is rightly said to be the life blood of an enterprise. Without adequate finance, no enterprise can...

Accounting Finance 1 Page

The Concept of Depreciation

American Accounting Association describes depreciation as, ” Any decline in the service potential of plant and other long term assets should be recognized in the accounts in the periods in which such decline occurs. The service potential of assets may decline because of gradual or...

Accounting Debt Value 2 Pages

Accounting industry

Accounting is a system by which financial information is identified, recorded, analysed, summarized, and reported for the use of decision makers. Put simply, accounting is the language of business. An accounting system tracks down all the financial activities of an organization (whether it’s the great...

Accounting Industry 1 Page

Accounting practices

Accounting practices have been used for decades now since the first farmer has kept track of the number of sheeps or cows he has owned and the first merchants tracked inventory and kept records of their profits and losses. From these humble and smart beginnings,...

Accounting Cost Accounting Management accounting 1 Page

The 7 types of accounting

There are 7 types of accounting which is government accounting, forensic accounting, cost accounting, auditing, tax accountant, financial accounting and management accounting. Government accounting or also known as public sector accounting, refers to the type of accounting information system used in the public sector. Government...

Accounting Cost Accounting Government 1 Page

Who Is An Account Manager?

“An account management team grows business, not customer service.” (Salz, 2018)There is often a misconception that an account managers key role is associated with client servicing or customer servicing. It is perhaps due to this very misconception that most companies today fail to recognize the...

Accounting Manager 1 Page

A View of the Details of Cost Accounting

MANAGERIAL ACCOUNTING Management accounting is an accounting that focuses on the cost associated with operating a firm. Sometimes management accounting is described as cost accounting which deals with the cost and expenses of the company particularly in production. The value of the management accounting for...

Accounting 1 Page

Basic accounting principles

The set of rules that governs the field of accounting are known as accounting principles. Accounting principles are conventions that provide a framework for accounting, book keeping, and financial reporting. These principles are essential for businesses preparing their financial statements. For reporting purposes, both internal...

Accounting Business 1 Page

Benefits to Accountants and Auditors

Benefits to Accountants and Auditors: Bookkeepers and reviewers with the progression of time and a changing atmosphere of assessment, need to work in a domain where they confront the risk of stern approvals and awful name to their callings. These outcome mostly from changed punishments...

Accounting Audit 1 Page

The Business Concepts of Accounting

Accounting relies on many assumptions. Among these concepts business entity is a considerable concept. The business entity concept which is also known as separate entity and economic entity concept states that the business and its owners are two different identifiable parties. In other words, the...

Accounting Business Analysis 1 Page

The types of account hosting

SHARED HOSTING In shared hosting, the hosting account is one of many accounts on a server. Shared hosting is something that website files are housed on a server along with the files of other websites by sharing the server’s bandwidth and resources among all the...

Accounting Website 1 Page

A Look at the Progression of the Accounting Field

As one of the most successful careers in the business field, accounting has recently thrived on a continually growing demand. If need for education and skill are met, the result is a rewarding and enjoyable work experience. Accounting is the study of how a business...

Accounting 1 Page

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