Financial Accounting 6 min read
What is the Statement of Cash Flows?
The Statement of Cash Flows (also referred to as the cash flow statement) is one of the three key financial statements that reports…
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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…
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…
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…
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…
Financial Accounting 1 min read
IFRS (International Financial Reporting Standards)
International Financial Reporting Standards (IFRS) is a set of accounting standards developed by an independent, not-for-profit organization called the International…
Financial Accounting 2 min read
Audit Department
What is an Audit Department An audit department is a unit within a company or organization that is responsible for…