The accounting cycle tracks a transaction until it’s added to your company’s financial statement. Follow this eight-step ...

Convertible debt and equity securities, such as preferred stock, convertible notes or debentures, and warrants, which we refer to collectively as “convertible securities,” are financial instruments ...

Accounting is often referred to as the language of business because it is the concept that presents information to business leaders who need it to make important decisions. It condenses the activities ...

Businesses and other economic entities record transactions and compile them using different accounting bases that best suit their preferences and needs. Each accounting basis can be imagined as a ...

Discover how micro accounting works at personal, corporate, and government levels. Learn its processes and how it contrasts with macro accounting strategies.