WORKING CAPITAL: Definition & Tips For Effective Management
Working capital and cash flow are two variables that finance teams need to understand to determine if their…
EXTERNAL AUDIT: Definition, Roles & Top Software Picks
The first external audit of your firm might be stressful. The audit firm will ask for a lot…
QDOT: Overview, Form, Sample, Requirements
A QDOT (Qualifying Domestic Trust) trust exempts assets held by the trust from estate and gift taxes at…
What is Forensic Accounting: Overview, and How it Works.
In the world today, our newsfeeds are constantly bombarded with stories concerning fraudulent actions. The internet age has…
CASH ACCOUNTING: Meaning, Examples, Merits, and Demerits
Cash and accrual accounting has advantages and disadvantages, but once you choose an accounting method, it is critical…
HOW TO CALCULATE EARNINGS PER SHARE, Simplified!!!
Organizations evaluate their financial health using a variety of values. Earnings per share (EPS) is a measure of…
MARK TO MARKET (MTM) ACCOUNTING: Definition And How It Works
Certain securities, including futures and mutual funds, are also mark-to-market accounting in trading and investing to reflect their…
GAAP vs IFRS: Revenue Recognition, Balance Sheet & Other Differences
Over the years, accounting has become the universal “language for business.” This is because it is capable of…
ACCOUNTING PROCESS: Understanding the 8 Steps in the Accounting Cycle
With the rise in the number of accounting software across the globe, the need to familiarize ourselves with…
Double-Entry Accounting Explained!!! Definition, How it Works, & Examples
The accounting system is pretty vast with several methods of performing the same task. Just like trying to…