He has been the CFO or controller of both small and medium sized companies and has run small businesses of his own. He has been a manager and an auditor with Deloitte, a big 4 accountancy firm, and holds a degree from Loughborough University. In the next section, we’ll talk more about what each debit […]

Equity accounts are important in determining the financial health of an enterprise. They are used to prepare financial statements together with the balance sheet and the statement of changes in equity. Your financial statement will provide details of the cash flow (i.e., credit and debit balance). In France, liabilities and equity are seen as negative assets and not account types […]

Such information is made available to stockholders and other users either on the face of financial statements or in the notes to the financial statements. Thus, full disclosure principle requires every business organization to mention the relevant business information into the notes of the financial statements so that the investors can know that information before […]

Start with a free account to explore 20+ always-free courses and hundreds of finance templates and cheat sheets. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The common stock repurchase of $88 million is broken down into a paid-in […]

The chartered accountant must respect these principles to establish the annual accounts of a business. These annual accounts must be regular, honest, and be faithful to the assets, the financial situation, and the results of the business. Discover what the basic accounting concepts and principles are, and why they are important in this article. Materiality […]

Industry averages provide a good indication of a reasonable total asset turnover ratio. Asset utilization ratios such as the asset turnover ratio can provide a lot of information about your business. If your results are on the low side, there are ways you can increase it, such as adding a new product line or service […]

After almost a decade of experience in public accounting, he created MyAccountingCourse.com to help people learn accounting & finance, pass the CPA exam, and start their career. Receive instant access to our entire collection of premium materials, including our 1,800+ test questions. Ask a question about your financial situation providing as much detail as possible. […]