Accounting

How to analyze a financial statement It’s obvious financial statement have a lot of numbers in them and at first […]

Parts of an Income Statement, Part 3 While some lines of an income statement depend on estimates or forecasts, the

Parts of an Income Statement, Part 2 Of course profit and cost of goods sold expense are the two most

Parts of an Income Statement, part 1 The first and most important part of an income statement is the line

Measuring Costs Measuring profits or net income is the most important thing accountants do. The second most important task is

Types of Costs Direct costs are those costs that cann be directly attributed to a product or product line, or

About GAAP While many businesses assume that accountants are bound by generally accepted accounting practices and that these are inviolate,

Budgeting Ugh, budgeting is one of those topics we’d rather avoid, but in business, it’s an absolute necessity. To prepare

What is a sole proprietorship? A sole proprietorship is the business or an individual who has decided not to carry

What are partnerships and limited liability companies? Some business owners choose to create partnerships or limited liability companies instead of