Category Archives: Advanced Accounting

Income Statement (Statement of Comprehensive Income)

income statement

Income Statement (Statement of Comprehensive Income)   As you have already learned about different financial statements, having some prior knowledge of income statement will help you greatly in going some extra miles in getting on with income statement. This is the statement that provides the profit or, loss of that accounting period. It is a […]

Financial Statements Definition Explained

Financial statements explanation, financial statements definition, financial statements analysis, financial statements accounting, definition of financial statements, Income Statement definition, Owner’s Equity Statement definition, Cash flow statement definition, Balance sheet definition

Financial Statements Definition Explained   For a certain time period every entity has to take into account their transactions and calculate their profit or loss. The target is not only to find out the result of their business activity but also to find out their financial position. That’s where financial statements come into play. All of […]

Ratio Analysis Formulas and Examples

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Ratio Analysis Formulas Financial accounting covers a large portion that deals with ratio analysis and without compact ratio analysis examples it is tough to understand what to do or, really how to do. In this section it will direct the readers about the usage of ratios and their formulas. Here the approach is based purely […]

Financial Statement Ratio Analysis

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Financial Statement Ratio Analysis   To fit the need of the analyst different ratios are calculated from the financial statements. They are not limited to some sorts which were once calculated just for the purpose of company management. Now, in the modern age of technology, it is a complete matter that everyone has free flow […]

Travel Expenditure Controlling

Travel Expenditure Controlling   As businesses now-a-days have expanded beyond the boundaries of one individual state it is highly normal that there will be expenses related to travelling and controlling travel expenditure is an onus on businesses of modern days as cutting the expense down is the “In” thing right now. There are several ways […]

Depreciation methods, Depreciation expense and examples

What is depreciation? Depreciation methods, Depreciation expense and with lots of examples explained. Also explanations about how depreciation methods work

Depreciation methods and definition in accounting: Everything explained      Today we shall nosedive into the accounting topic depreciation in full and we will illustrate it with complete examples. What is depreciation? The process of reduction in the value of the asset over time is named depreciation. It is done to keep similarities to the real world […]

Depletion of Goodwill : The Real Deal

Depletion of Goodwill As you have already read the first installment about goodwill, it is time to dig a little deeper. Now, you will get a look at the functional areas. Here, you will get to learn- How goodwill is depleted Why goodwill should be depleted What will happen if the depletion work is not […]

Goodwill Definition ? What It Is And How It Is Recognized In Accounting And Finance ?

Goodwill Definition ?                      For long we have heard that term “Goodwill” into usage for different purposes. It is widely seen to be used in all of business studies categories like-marketing, finance, accounting and several other fields. What is needed to be seen though the difference amongst the usages in different fields. Let’s check them […]