Financial Accounting
Financial accounting is the process of recording, classifying, summarizing and communicating information about a business’s finances.
-
What is Bin Card in Cost Accounting?
In cost accounting, bin cards are physical or electronic records used to track inventory levels in a stockroom, warehouse, or another storage facility
Read More » -
What is the Difference Between Cost and Financial Accounting?
Financial accounting and cost accounting are two different types of accounting that are used to track and report the financial performance of a busine
Read More » -
What is the Owner’s Capital in Accounting?
In accounting, the owner’s capital refers to the owners’ equity in the business. This can be calculated by subtracting the liabilities fro
Read More » -
What is Working Capital? Why is it Necessary for Businesses?
Working capital is the money that a company requires for day-to-day needs, and in general: Working Capital = Current Assets – Current Liabilitie
Read More » -
What is the Impact of Big Data on the Accounting Profession?
Big data has had far-reaching effects on the accounting industry, and these effects are probably not exclusive to accounting. As with so many other as
Read More »
