Posts tagged Accounting

In brief, a business acquisition, from the accounting standpoint, is a transaction in which both the acquiring and acquired company are still left standing as …

Inventory accounting is an important topic with complex issues that can causes confusion even to well-experienced accountants. But in this post, I focus on the …

Learning accounting, the first time, is so much exciting. And it is suffice to say that, writing about it is also so much exciting to …

Many purchase business combinations involve the recognition of goodwill. Except to those who follow every bit of accounting standard update, talking about accounting for goodwill …

Professional literature of the accounting for marketable investments in debt securities isn’t easy to find. The only principle guidance that could be found, so far, …

Basically, temporary differences are thus defined to include all differences between the tax and financial reporting bases of assets and liabilities, if those differences will …

The costs associated with the development of a project are accounted in different ways, depending on the nature of the costs and the stage of …

A Board of Directors of a company is supposed to represent the shareholders prevent the company from using deceptive accounting tactics that mislead investors. Any …

Here are list of acronyms that commonly found in the accounting world A AAA – American Accounting Association AAOIFI – Accounting and Auditing Organization of …

The first standard of fieldwork of auditing requires adequate planning and proper supervision, but until SAS 22 was issued, the only observations on planning in …

Many of you asked me for Business Forms, Calculators, Tools and Templates or anything that may help. Here I post some. This is by no …

This accounting glossary is not a general accounting dictionary that you can find any terms and definitions from abaccus system to african tze-tze mosquitoz. But …

Before any meaningful discussion of the Lean’s effect to the accounting, accountants, and chief financial officer (CFO) in a lean business can take place, we …

ACCOUNT: 1. systematic arrangement showing the effect of transactions and other events on a specific balance sheet or income statement item. An account is usually …

A basic principle of “financial accounting“ is that the cost of the long-term operating resources used by a business should be allocated over the years …

Many of us still face doubt or even no idea in computing and recording pension transaction [so do I]. It is not because of we …

In addition to an income statement [profit and loss account] and balance sheet, companies are required to include in their annual report a “cash flow …

This post tackles two basic questions about “Analyzing Profit Behavior”: How did the business make its profit? How can the business improve its profit performance?. …