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The first and the most important accounting lesson relates to the double entry system. It is vital to build the foundations and understand how the double entry systems works, what are the rules that...
The Accounting Rate of Return formula is one of the most widely used techniques for investment appraisals and capital budgeting decisions.
While most of the goods or services sold are standardised, there might be cases where two companies enter into a construction contract. International Accounting Standard (IAS) 11 provides a framework...
This accounting tutorial article provides a thorough explanation and analysis of what a bad debt expense is, what journal entry is made, and a look at provisions and recoverable amounts.A bad...
IAS 28 Investments in Associates and Joint Ventures outlines using the equity method of accounting when investing in associates. The first point we should consider is what is an "associate". Based on...
A good understanding of the accounting equation is a must for those studying accounting. Our article helps you through this with clear explanations and examples.