Finance Basics & Concepts

Introduction "Accounting does not make balance sheets or corporate earnings more volatile. Accounting just increases the transparency of volatility in earnings." -Diane Garnick Financial statement analysis as a...

Introduction “ You will either learn to manage money, or the lack of it will manage you.” Dave Ramsey Financial management is probably the first concept that is...

Introduction The introduction to the accounting cycle provides an overview of the systematic process businesses use to record, analyze, and report financial transactions. The accounting cycle ensures that...

What is the Accounting Equation? The Accounting Equation, also known as the Basic Accounting Equation or the Balance Sheet Equation, is the fundamental concept in accounting. It represents...

Introduction "Making good judgments when one has complete data, facts, and knowledge is not leadership - it's bookkeeping" — Dee Hock. Accounting is the backbone of how enterprise...

Introduction “Inventory is money sitting on shelves” – Philip Fisher Efficient inventory accounting is crucial for streamlining logistics, reducing tax liability, and boosting profitability. That’s why manufacturing and...

Introduction Think about how you follow certain "rules" in your life, whether it's holding the door open for someone, saying "please" and "thank you," or stopping at a...

Introduction “Accounting is the language of business” - Warren Buffet  Accounting methods are foundational to how organizations record transactions, match expenditures, and evaluate their assets and liabilities. Simply...

Introduction As a CFO, you may prefer a mix of equity and internal financing instead of just debt on the balance sheet. Sometimes, you use debt financing to...

Introduction “If your business was a play, accounting policies are the curtain raiser.” Accounting policies are a company’s guidelines and procedures to record, prepare, and present its financial...