About this Book Accounting can be termed as the psychology of transactions. Psychology studies the behavior of the mind. To define accounting, one can refer it to be the study of money and its behavior in day to day lives. Money is essential for the survival of any being in modern times. It is a […]
About this Book Managerial accounting is considered one of the most important parts of any organization. With the help of this department, an organization or an enterprise can reach new levels of heights and successes. It is very helpful and beneficial for the progress of the business of any firm. There are many other departments […]
About this Book Gone are the days when a successful career was based on the amount of money spent on a child’s education. Talent and hard work are the traits required to forge a relatively decent career in any industry. It takes more than just money to survive in the corporate world. Only those truly […]
About this Book There are a lot of talks going around when it comes to adjustment of fixed assets and depreciation expense in accounting terms. Depreciation is almost similar to that of any other expenses in the fact that all expenses are deducted from sales revenue to determine profit. Keeping this apart, however, depreciation is […]
About this Book In the USA most businesses in operation are made up of micro and small businesses and are therefore of vital importance to the country’s economy. These companies are large generating jobs and wealth, which contributes significantly to the increase in gross domestic product – GDP. But one factor that has been extensively […]
About this Book Financial accounting, commonly known in daily verbatim as ‘book keeping’, is one of the oldest practices integral of business management. Financial accounting is officially dated to the medieval ages when one of the first banking houses and groups gained importance towards the public and in commercial fields. The first bankers wanted an […]