Public Accounting Explained Thoroughly
Either because it’s simpler, cheaper, more effective, or simply because there’s a lack of certified accountants, a lot of the companies employ the help of public accountants. They aren’t associated with the company directly and don’t count as their e...
A Beginner’s Guide to Debits and Credits
The ancestors of the foundations of accounting are considered to be the ancient Egyptians (they developed the basics of inventory) and the Incas (they developed the basics of double-entry system described below). In Eurasia, but already in this mille...
Comparison of Vertical and Horizontal Analysis
The management and investors typically do horizontal and vertical analysis to visualize the changes that have occurred in the main items of the financial reports. Such analysis also helps managers make decisions about how to proceed with their busine...