Accounting Terms

What is Cash Flow Statement? Definition, Example, Format and Cash Flow Report Analysis

Wikipedia of Finance - e-learning course on Fundamental Analysis Wikipedia Chapter - What is Cash Flow Statement? Definition, Example, Format and Cash Flow Report Analysis

Cash Flow Statement Definition Cash flow statement is one of the new financial statements that the company has incorporated reform of 2007. This is a state that reports on the use of monetary assets such as cash and cash equivalents categorizing the changes by activities and indicating the net change of such magnitude in the […]

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Top 3 Branches of Accounting / Types of Accounting

Branches of Accounting - Types of Accounting - Types of Bookkeeping Accounts - Wikipedia of Finance

There are several branches of accounting to maintain accounts at present. Different types of accounting that range from maintaining records, auditing to preparing income tax returns. Accounting professional trend to specialize in one of these field as their career option as accountant. For companies to make well-informed decisions, comply with regulations, and experience sustained growth,

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What is a Balance Sheet? Definition, Format and Example of Balance Sheet

Wikipedia of Finance - e-learning course on Accounting Wikipedia Chapter - Learn about Balance Sheet Statement

Balance Sheet Definition: In financial accounting, “Balance sheet is a financial statement summary report of an assets, liabilities and equity capital of an individual or a company or an organization at a specific given time”. This provides adequate information to investors, shareholders or a group about the company’s financial strength at given point of time.

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What is a profit and loss statement or Income Statement? Definition with Examples

Wikipedia of Finance - e-learning course on Accounting Wikipedia Chapter - Learn about profit and loss statement - Income Statement - P&L statement

Profit and Loss Statement Definition: Under financial accounting, “profit and loss account, statement of revenue or loss, financial performance statement, operating statement, earnings statement, statement of profit and loss, P&L statement, Income statement all this terms refers to Profit and Loss statement of the financial reports”. This statement shows the revenue and expenditures of a business

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What is a Trial Balance? Definition, Examples and Limitations of bookkeeping

Wikipedia of Finance - e-learning course on Accounting Wikipedia Chapter - Learn about Trial Balance

To show that total debits and total credits are equal, the trial balance is simply a list of all general ledger accounts and their balances. Accountants can ascertain each account’s balance by compiling this exhaustive list, which offers important insights into the entity’s performance and financial health. The trial balance is more than just a

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