Bookkeeping

The goal of the four main principles of GAAP is to create a method of accounting that is consistent, clear, and comparable. The matching principle seeks to create a correlation between revenues and expenses by ensuring that all revenue earned…

That relationship is invaluable for students looking to continue their studies after graduation in a post-secondary program. If you’re thinking about majoring in accounting, there are a lot of benefits to attending one of the top accounting programs in the…

This provides some useful information as to how effectively a company is using its working capital to generate sales. Fixed Asset Turnover measures the efficiency of fixed assets to generate profit. The higher the number, the more efficient management’s use…

A higher ratio suggests higher financial risk, as the company may have difficulty repaying its debts if its assets lose value or cash flow decreases. On the other hand, a lower ratio implies a stronger financial position, with a higher…

A higher ratio suggests higher financial risk, as the company may have difficulty repaying its debts if its assets lose value or cash flow decreases. On the other hand, a lower ratio implies a stronger financial position, with a higher…