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We have so far shared some complete guideline on forensic accounting. Today we will share some videos on this topic. But before going further, please read these following articles to have a depth knowledge on this topic: What is Forensic Accounting Meaning & Functions of Forensic Accountants Knowledge,Skills & Abilities of Forensic Accountants Who needs…

There are 2 ways to accounting-Accrual basis & cash basis accounting.Accrual & Cash are two primary methods of recognizing expenses and revenues in accounting. This free online accounting training tutorial will help you to understand: Meaning & Definition of Accrual Basis Accounting Meaning & Definition of Cash Basis Accounting Difference between Accrual & Cash Basis…

Many People wonder what is forensic accounting, what do forensic accountants do,how to get forensic accounting degrees,how and where to join’ forensic accounting course etc. In fact, the word forensic is basically referred as belonging to, used in, or suitable to courts of judicature or to public discussions and debate. In the accounting world, forensic…

Today’s accounting lesson will help you to learn Definition, Types & Example of Adjusting Entries. Also at the bottom of this tutorial, you will find a Free Accounting Training Video on Adjusting Entries. Adjusting Entries can be defined as journal entries, prepared at the end of each accounting period to identify and spread total income…

For providing the accounting information with the qualitative characteristics which make it beneficiary and fruitful to the business, the business enterprise must regard as two dominant factors that can limit (restrain) the reporting of financial statements. These constraints are: (1) Cost-Benefit relationship (2) Materiality There are also two other less-dominant but important constraints which are…

Activity Based Costing (ABC) is the division of total production process into activities and then assigning the costs on those products based on the rate of production use of these activities into making the product. Among the top companies that have been using the ABC analysis includes the American Express, Dell and Coca-cola. Such companies…

This free online accounting training tutorial on inventory will help you to understand: What is Inventory in Accounting Meaning & Definition of Inventory Types of Inventory Inventory is the name that is referred to those goods which are either manufactured or purchased for resale in the business activities of any merchandising company. If the products…

Depreciation is generally computed using one of the following methods: 1. Straight-line 2. Units-of-activity 3. Declining-balance The appropriate depreciation method helps the accountant to measure the role of asset to generate revenue over its useful life. Each method for computing depreciation is approved by Generally Accepted Accounting Principles. Company selects the method based on the…

While preparing the balance sheet, companies enlist accounts receivable in the category of asset as a current asset. However, the particular amount of that item which has to be report sometimes become intricate due to some receivables which are uncollectible. Sellers usually have some credit requirements to the customers or the clients that need to…

Activity Based Costing (ABC) is the division of total production process into activities and then assigning the costs on those products based on the rate of production use of these activities into making the product. Among the top companies that have been using the ABC analysis includes the American Express, Dell and Coca-cola. Such companies…