Mar 17, 2021 · What is accounting? This simple definition of accounting addresses everything from job descriptions to requirements to examples of accounting principles.

Mar 16, 2021 · A debit is an accounting record that represents either an increase in assets or a decrease in liabilities or net worth. A debit is the opposite of a…

Oct 1, 2019 · The Financial Accounting Standards Board (FASB) is an independent non-profit body responsible for the institution and interpretation of Generally Accepted…

What Is the Definition of Amortization? In accounting, amortization refers to the process of expensing an intangible asset's value over its useful life. It is comparable to the depreciation of tangible assets. In …

Nov 1, 2020 · What is depreciation? This financial definition not only lays out the different types used in accounting, but also explains depreciation with examples.

Oct 1, 2019 · Going concern refers to the assumption that a company has the resources to continue operating in the foreseeable future.

Jan 11, 2021 · What is book value and why is it important? With real-world examples, learn how to calculate this financial element by using the book value formula.

Sep 29, 2020 · A capital asset is an asset that has a useful life longer than one year and is not intended for sale during the normal course of business.

Jan 8, 2021 · What is accounts receivable? How do you calculate accounts receivable? Get answers to your questions with InvestingAnswers' easy-to-read, expert advice.

Oct 1, 2019 · What is the first in, first out method? Our experts explain the principle behind FIFO by using real-world examples and straightforward language.