Accounting Articles

Ever wondered what the cost of quality is? This article explains what such cost is and provides examples of prevention costs, appraisal costs, internal failure costs, and external failure costs.

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.

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

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

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

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

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.

Learn about retained earnings and how retained earnings are determined.

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

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

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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.