Category: Accounting
Advanced Accounting Practices – Techniques for Financial Reporting and Analysis
Financial analysis and reporting are powerful tools used by companies across industries to remain compliant, while also aiding management teams, investors, shareholders and customers in…
The Classification of Accounting Theory
The basic differences between accounting theory and behavioral theory are the principles and practices underlying them. The former focuses on how monetary investments are made,…
The Purpose of Accounting System
The purpose of an accounting system is to gather, communicate, measure, record, and report financial information. To do this, it requires the use of accounting…
Accounting Laws in the US
In 2002, Congress passed the Sarbanes-Oxley Act, a law that made significant changes to corporate governance and financial disclosures. It closed loopholes in accounting practices…
The Relationship Between Accounting Practices and Procedures
Your organization’s accounting practices and procedures dictate how financial information is recorded, reported, and protected. While accounting principles lay out the basic concepts that underlie…
What Is the Matching Principle Accounting?
The matching principle is a basic concept in accrual accounting. It tells an entity to report an expense in the same period in which they…