Accounting Terms


Top 10 - Objectives of Accounting - Wikipedia of Finance
Most common and important objectives of accounting for a company are usually systematically report transactions, analyzing those transactions, prepare financial statements, preparing balance sheet. This information will help in financial decision-making and important towards business activities. Accounting helps accountants as well as financial departments with several of business choices to […]

Top 10 – Objectives of Accounting



Wikipedia of Finance - e-learning course on Fundamental Analysis Wikipedia Chapter - Financial Ratio Definition, Examples and Ratio Analysis interpretation 6
Financial Ratio Definition: The financial ratio or financial indicators are coefficients or reasons that provide financial and accounting units of measurement and comparison, through which, the ratio (division) together two data direct financial, allow analyzing the state current or past an organization to function at optimum levels defined for it. […]

Financial Ratio Definition, Examples and Ratio Analysis Interpretation





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 […]

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



Wikipedia of Finance - e-learning course on Accounting Wikipedia Chapter - Learn about profit and loss statement - Income Statement - P&L statement 1
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 […]

What is a profit and loss statement or Income Statement? ...






Key Steps in Accounting Process - Accounting Cycle - Wikipedia of Finance 1
“Accounting process is also referred as accounting cycle”. Traditional accounting methods are been changed in today’s accounting software. But still accounting process or accounting cycle remains the same irrespective of traditional or modern accounting methods. Steps in Accounting Process / Accounting Cycle: Here we will provide the detail explanation on accounting […]

Steps in Accounting Process / Accounting Cycle




Wikipedia of Finance - e-learning course on Accounting Wikipedia Chapter - Single Entry System of Book-Keeping 3
Single Entry System Definition: A single entry system is a method of maintaining financial information thru one sided accounting entry. It method is also known as single-entry accounting system. Normally small businesses preferred to maintain single-entry bookkeeping system with records of minimum necessities. Single entry system example: such accounting system is […]

What is a Single Entry System? Definition, Format, Problems and ...