The Acid Test Ratio, also known as the quick ratio or liquid ratio, is a financial metric that assesses a company’s short-term liquidity and ability to meet its immediate liabilities without relying on the sale…
Browsing CategoryAccounting Basics Series
Is Advanced Accounting Training Right For You?
Are you satisfied with your career right now? Don’t you wish to move upwards or be promoted? One way to develop your accounting career is by training in an advanced accounting career. You can even…
What Is A Price/Earnings Ratio or P/E Ratio?
The Price-to-Earnings (P/E) ratio is a financial metric that is widely used to assess the valuation of a publicly traded company. It is calculated by dividing the market price per share of a company’s stock…
What Are Basic Accounting Principles?
If everyone involved in the accounting process followed their system, or no system at all, honestly, there’d be no way to tell whether a company was profitable. Most companies follow generally accepted accounting principles or…
Are You Considering an Auditing Career?
There are several career choices within the accountancy field, including an accounting auditing career. Auditors play a vital role, especially in the business industry. They perform various tasks that are considered essential to the financial…
How To Be Successful In Accounting Careers
If you have an ambition to pursue a career in accounting or accountancy, start planning before jumping into this field. This will enable you to achieve your career goals in the accounting field successfully. Remember…
Do You Need a Forensic Accountant?
Forensic accounting financial investigative specialists work with financial information to convey complicated issues in a manner that others can easily understand. While some forensic accountants and forensic accounting specialists are engaged in the public…
Accounting Method – Cash or Accrual – What’s The Difference?
When starting a business, you must determine your method for accounting and paying taxes. The two choices are the cash method and the accrual method. Cash Method The cash method is probably your best accounting…
Employee Payroll Tax – What You Need to Know
Employee taxes can be among the most difficult-to-understand areas of running a business and hiring employees. If you don’t understand the complexities involving employee payroll tax, it can also get you into a heap of…
GAAP Basics
While many businesses assume that generally accepted accounting practices bind accountants and that these are inviolate, nothing could be further from the truth. Everything is subject to interpretation, and GAAP is no different. For one…