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Types of Business Organizations

Photo via www.sxc.hu Business is an organization in which basic resources, called inputs, are assembled and processed to provide goods or services, called outputs, to customers. People who are engaged...

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Business Transaction

Photo via www.sxc.hu In accounting, you record, classify, summarize and report financial information, of an individual, business or organization, to interested users. The reported financial information...

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Difference Between Bookkeeping and Accounting

Bookkeeping and accounting are both relevant tool in communicating the financial activity, performance and condition of a business entity. The important role of bookkeeping and accounting in every...

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Difference Between a Bookkeeper and an Accountant

Learning bookkeeping and accounting are both essential subjects if you want to start a career as a bookkeeper or an accountant.   These two professions are considered as one of the most demanding and...

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Accountant Job Description

In this article, you will learn about the accountant job description, duties and responsibility, work environment, qualifications and requirements, and salary benefits. Learning the accountant job...

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Careers in Accounting

A person pursuing a career as an accountant can choose from various areas, jobs or tasks in the accounting profession. The diversity of the accounting profession makes it easier for an accountant to...

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Areas of Accounting

Commonly, accounting is misinterpreted and perceived to only be about recording of business transactions, also known as bookkeeping. However, accounting is beyond recording or bookkeeping and it’s a...

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What is a Stakeholder?

Photo via www.sxc.hu Accounting is defined as the language of business. Accounting is a mean by which business financial information is communicated to its stakeholders.   In this article, you will...

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Basic Accounting Principles and Concepts

Photo via www.sxc.hu Accounting is called the language of business that which communicates the financial condition and performance of a business to interested users, also referred to as stakeholders....

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Basic Accounting Equation

Learning the basic accounting equation is essential in understanding the accounting system and process.   Basic accounting equation is the cornerstone of the accounting process. It is the foundation in...

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