What Is The Accounting Cycle? Definition, Steps & Example Guide

What Is The Accounting Cycle? Definition, Steps & Example Guide

Through the accounting cycle (sometimes called the “bookkeeping cycle” or “accounting process”). Company X received $500 for its software products...

Compound Journal Entry Entries With More Than Two Accounts

Compound Journal Entry Entries With More Than Two Accounts

In a balance sheet, compound journal entries are used to record transactions that affect both assets and liabilities. It is...

What is a Virtual Account: Benefits and Key Features for Businesses in 2025

What is a Virtual Account: Benefits and Key Features for Businesses in 2025

Before cloud-based accounting software and collaboration tools, accountants were generally limited to working with small business owners in their geographical...

Financial statements of nonprofits

Financial statements of nonprofits

By accurately preparing key financial statements, tracking essential metrics, and following best practices in reporting, nonprofits can demonstrate financial responsibility...

Expanded Accounting Equation Explanation and Examples

Expanded Accounting Equation Explanation and Examples

For the accounting period of the four days ended December 4, there is no revenue or expense to be reported...

The Heinrichs Safety Triangle: Understanding Workplace Risks

The Heinrichs Safety Triangle: Understanding Workplace Risks

The Heinrich’s law was based on probability and assumes that the number of accidents is inversely proportional to the severity...

American Institute of Certified Public Accountants AICPA

American Institute of Certified Public Accountants AICPA

A CPA license opens the door to working in various sectors, including public accounting, financial services, government, and corporate finance....

Cost of Sales: Understanding the Direct Costs of Producing Goods

Cost of Sales: Understanding the Direct Costs of Producing Goods

It begins with revenues, then deducts the cost of sales to calculate gross profit. The cost of sales, also known...

Variable Cost vs  Fixed Cost: What’s the Difference?

Variable Cost vs Fixed Cost: What’s the Difference?

The variable costing calculator can be used by following the steps as discussed below. Making informed decisions about business expenses...

Book Value Per Share: Definition, Formula & Example

Book Value Per Share: Definition, Formula & Example

It gives a more comprehensive, clearer picture of book value per share when used in the formula. BVPS is typically...