Step-by-Step Depreciation Methods Accounting Tutorial
Under both IFRS and GAAP, the capital expenditure can not be recognized as an expense when the asset is bought. It is considered as more appropriate to spread the cost … Read More
Category: Tutorials
An Introduction to the Double Entry Accounting System
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 … Read More
Accounting Rate of Return-How to calculate ARR
The Accounting Rate of Return method is one of the most widely used techniques for investment appraisals and capital budgeting decisions. The accounting rate of return provides you with the return … Read More
Accounting For Construction Companies & Contracts
While the majority of the goods or services sold are standardized, there might be cases where two companies might enter into a construction contract that is tailored to particular circumstances. … Read More
Bad Debt Expense Journal Entry and Explanation
In this accounting tutorial article we provide a thorough explanation and analysis of what a bad debt expense is, what journal entry is made and also look at provisions and … Read More
Equity Method of Accounting Investments in Associates
The equity method of accounting is used to record investments in associates as outlined by IAS 28 Investments in Associates and Joint Ventures. The first point we should consider is … Read More
The Accounting Equation Explained with Examples
All accounting courses start with the accounting equation and the meaning it has. There might be many names or variations for the equation but in reality it does not change. … Read More