Factoring is a contract where a company transfers or sells its accounts receivable balance (the debtors balance) to a factor, usually a specialised factoring provider. This factoring can be with or...
Category: Tutorials
Our step-by-step guide provides you with a comprehensive overview of the accounting depreciation methods available. Complete journal entry examples included to help you along the way.
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...