Accounting Articles

November 21, 2015

Companies can invest in debt and equity securities. In this article we will discuss the three types of debt securities: held-to-maturity, trading and available for sale.

November 8, 2015

In this article, we look at the impact of auditor trust to company management (by considering the social capital) on audit fees.

November 1, 2015

This article provides some examples of how trend analysis can be used in accounting and auditing.

October 24, 2015

Trend analysis may be a helpful tool to analyze various financial data. In this article, we will review trend analysis and how it can be used in accounting and management.

October 17, 2015

Most companies have some internal controls over financial reporting in place. However, few companies may realize that such controls are not only a compliance requirement (i.e., for public companies), but also that such controls impact the operational performance. In this article we will discuss how material weaknesses in inventory-related internal controls can impact operational performance.

October 10, 2015

General ledger may not be able to maintain all individual transactions of a company. This is especially true in large organizations where there may be thousands of transactions each day. In such cases, subsidiary ledgers and special journals are used. In this article, we will discuss the most common types of subsidiary ledgers.

October 4, 2015

How does the quality of financial information of nonprofit organizations compare to that of for-profit entities? What are some typical accounting errors of nonprofit organizations? This article provides answers to these and other questions.

September 26, 2015

New accounting standards are issued by standard setters (e.g., Financial Accounting Standards Board) on a somewhat regular basis. They are aimed at improving financial reporting. However, sometimes such standards may also have unforeseen results. In this article, we discuss such results of SFAS No. 151, a standard related to accounting for inventory production costs.

September 19, 2015

Financial statements should be free of errors. Error-free financial statements allow efficient decision-making and help to avoid reputational scandals and penalties. However, no one is perfect and errors still occur. In the article below, we will discuss what the most common errors in financial statements are and how to avoid them.

September 10, 2015

Differences between accounts payable (balance sheet) and expenses (income statement) are sometimes confusing. In this article, we will discuss such differences and show how the two types of accounts can be connected in a journal entry.

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Accounting Articles
Accounting Articles include guides and answers. Accounting guides explain application of accounting principles in practice. Great assistance if you are looking for real-life accounting situations. Accounting answers explain particular accounting topics suggested by our website users. Great to find quick answers for specific topics.