Connect with us
Since couple of decades ago, balance sheet started to showing a strange snippet on its Equity section called Accumulated Other Comprehensive Income. The snippet has been...
In addition to the measurement accounting principles that guide the values placed on the shareholder’s equity in a Balance Sheet, there are accounting principles specifying the...
Securing capital for a company represents one of the most painstaking and time-consuming efforts a business undertakes. It’s one thing to get a party interested in...
If you are a bookkeeper, you serve as the eyes and ears of the accountant. Therefore you want to understand, at least, the basics of accounting....
Retained earnings are created for the most part by the earnings of the corporation. These earnings (referred to as net income) are closed into the retained...
BALANCE SHEET Each framework requires prominent presentation of a balance sheet as a primary statement. Format IFRS: Entities present current and non-current assets, and current...