Finance FAQs

What are accounting entities?
Accounting entities are for example a business do not get these mixed up with legal entities ...... More »
What is an EA in accounting?
EA stands for Enrolled Agent. It is a certification by the Internal Revenue Service given to those qualified to practice before them. To become an EA, one must pass a test given by the IRS, the purpose of which is to try to ensure that only qualif...... More »
What are the uses of journal in accounting?
The journal is most commonly used to record corrections to errors that have been made in writing up the general ledger accounts ...... More »
What is accounting?
Accounting is a method or system used to keep track of and determine the financial status of a person or company's income/assets and outlay of money/possessions. (An Accountant engages in Accounting: "The occupation of maintaining and auditing...... More »
What are accounting principles?
The Accounting Principles are the assertion rules of accounting and the application of these rules, method, & procedures to actual practice of accounting. These Accounting principles have been divided into A. accounting concepts ...... More »
What is fair value accounting?
Fair Value accounting is an accounting term that requires a company to place a value on all of the assets on its balance sheet that, it is the price at which the assets could be sold. This is easy to do when the asset has a quoted market price. Ho...... More »
Is financial accounting necessary?
Yes, the accounting calculates the cost of capital to the business. It compares the current, expected, and historic rates of return. Suppose a company is making 12% returns but borrowing money by using the owner's credit card at 22% be good to...... More »
What are the different branches of accounting?
Following are different branches of accounting: 1- Cost Accounting 2- Financial Accounting 3- Management Accounting ...... More »
What is account in accounting?
A account is the method used to visualize the debit credit accounting procedure. The account can represent any account regardless of expense, revenue, asset, or liability. The debits are placed the left side and the credits on the right. ...... More »
Name some of the standard Business Intelligence tools in the Market?
Some of the standard Business Intelligence tools in the market According to their performance ► MICROSTRATEGY ► BUSINESS OBJECTS,CRYSTAL REPORTS ► COGNOS REPORT NET ► MS-OLAP SERVICES Or ...... More »