IFRS Accounting Explained!!! (+ 2023 Trends and Techniques)
The International Financial Reporting Standards (IFRS) are a globally recognized set of accounting rules that provide transparency, accountability,…
ABC ACCOUNTING: Best Practices & All You Need
ABC accounting is a system of accounting that offers the service of assigning overhead and indirect costs to…
TRIAL BALANCE: What is Trial Balance & How Does it Work?
If you are new to the accounting term, “trial balance” as an accountant or interested individual, then this…
IFRS (International Financial Reporting Standards) List, Requirements, Compliance & Benefits
IFRS is a globally recognized collection of accounting rules that delivers transparency, accountability, and efficiency. But what does…
IASB (International Accounting Standards Board) Roles, Framework & Benefits
The International Accounting Standards Board, or IASB, is a non-profit organization that develops global the International Financial Reporting…
ACCOUNTING LEDGER: Meaning & How It Works
An accounting ledger is a document that gives the central office the opportunity to collect all other account…
Balance Sheet Format: Best Accounting Practices with Examples (Detailed!!!)
This post takes you through the best format to follow when preparing a balance sheet and basically how…
Gross Profit Explained!!! Formula & How to Calculate with Examples
This is a simplified gross profit guide that covers every detail about the topic, ranging from its formula…
Marginal Cost: Meaning, Formulas & How to Calculate, Simplified!!!
Accounting, over the years, has become a tedious task for most business owners. While the process of accounting…
What are the Generally Accepted Accounting Principles: All You Need
The Generally Accepted Accounting Principles (GAAP) are a set of regulations, guidelines, and principles that all corporations in…