Financial Accounting 3 min read
Chart of Accounts
Introduction to Chart of Accounts A chart of accounts is a listing of the names of the accounts that a company has…
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Factor of Safety 3 min read
Factor of Safety in Design and Engineering: The Basics
Good design engineers must consider so many factors when designing a part or component. Design for assembly, cost, logistics, manufacturability, reliability,…
Financial Accounting 3 min read
The types of accounting
There are several types of accounting that range from auditing to the preparation of tax returns. Accountants tend to specialize…
Financial Accounting 1 min read
Financial Accounting Basics
The field of accounting is often thought of as a set of complex business rules and endless numbers. Well in…
Factor of Safety 5 min read
What do you mean by factor of safety?
Design load When you design a component the load that component has to carry during its service is calculated taking…
Financial Accounting 2 min read
What is the FASB (Financial Accounting Standards Board)?
Definition: The Financial Accounting Standards Board or the FASB is an organization created to establish and improve financial accounting standards in the…
Financial Accounting 1 min read
Accounting Principles
What are Accounting Principles? Definition: Accounting principles are the building blocks for GAAP. All of the concepts and standards in GAAP can be…
Financial Accounting 4 min read
Income Statement
The income statement is one of the three primary financial statements used to assess a company’s performance and financial position (the two others being…
Financial Accounting 4 min read
Profit & Loss (P&L) Statement
WHAT IS A PROFIT & LOSS (P&L) STATEMENT? The profit & loss (P&L) statement is one of the three primary financial statements used to assess…
Financial Accounting 4 min read
Types of financial models
Top 10 types of financial models There are many different types of financial models. In this guide, we will outline…
effective safety 7 min read
Five tips for providing effective safety training
Get your people in “The Zone” Have you ever been in “The Zone”? “The Zone” is described as a tunnel-vision experience…
Financial Accounting 7 min read
Financial Statement Analysis for Beginners
Financial statements are without a doubt the most important resource for any individual investor. All companies with stock trading on the New York…
