Relationship between Financial Statements
Explanation Financial Statements reflect the effects of business transactions and events on …
Financial
Statement of Changes in Equity
Definition Statement of Changes in Equity, often referred to as Statement of …
Income Statement | Profit & Loss Account
Definition Income Statement, also known as Profit & Loss Account, is a report …
Statement of Cash Flows
Definition Statement of Cash Flows, also known as Cash Flow Statement, presents the …
Statement of Financial Position [Balance Sheet]
Definition Statement of Financial Position, also known as the Balance Sheet, presents …
Types of Accounting
Accounting is a vast and dynamic profession and is constantly adapting itself …
11 Objectives of Accounting
Learning outcomes of this lesson: Why do we need accounting? What purpose …
What is Accounting?
Definition Accounting is the process of recording and summarizing financial information in a useful way. https://www.youtube.com/embed/dbeEeKA_3UQ?rel=0 …
11 Users of Accounting Information
Accounting helps users in making better financial decisions. You might be wondering: “Who are the users …