Accounting Articles

July 10, 2012

How should you account for a revision in the useful life of fixed assets? What financial statement impact does such revision have? Find answers to these questions in this article.

July 2, 2012

Learn about stock splits and how they are different from stock dividends, view examples of stock splits and understand accounting for stock splits.

June 25, 2012

Learn about operating leverage and how one can compare operating leverage across companies.

June 17, 2012

Discover the qualities of accounting information such as relevance, reliability, comparability and consistency.

June 11, 2012

Learn about discretionary costs, view examples of such costs, and understand instances where discretionary costs may be changed to manage earnings.

June 4, 2012

Learn about debt covenants and their classification (positive and negative, capital and performance). Understand actions when debt covenants are violated, including financial reporting implications. Review an example of debt covenants involving interest coverage ratio and fixed charge coverage ratio.

May 25, 2012

Learn about retained earnings and how retained earnings are determined.

May 18, 2012

Learn about two accounting conventions that allow deviation from basic accounting principles: materiality and conservatism.

May 14, 2012

Learn accounting for common stock issuance. Examples of common stock issued for cash and for non-cash consideration with journal entries are provided.

May 6, 2012

Learn about Sarbanes-Oxley Act (SOX), its provisions and impact on public companies and their auditors.

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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.