Financial accounting is a multi-step process for companies following double-entry methods. The first and most important step begins with a journal entry: the recording of financial information related ...

The use of active learning strategies offers educators proven approaches to advance student learning. Trends in the literature point to a continued focus on the benefits of unique student projects, ...

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

The Public Company Accounting Oversight Board released a staff publication highlighting problems it's seeing with audits of journal entries. Processing Content The publication, Audit Focus: Journal ...

Bank reconciliation wouldn't be a problem if everything on your bank statement matched up with your ledgers. Life doesn't always work that way, though. You may need ...

Financial accounting is a specific type of accounting that uses standardized processes and guidelines for businesses to record their financial transactions and prepare financial statements for ...

TOPEKA, Kan. (WIBW) - A professor at the Univesity of Kansas has been appointed as an editor at a top accounting journal. The University of Kansas says professor Chan Li has been appointed as an ...

The accounting cycle involves updating, changing and verifying financial transactions during the course of business operations. Recording and posting in accounting are part of this cycle, and though ...

Maintaining a general ledger helps you gauge a business's financial health and avoid accounting mistakes. Learn what a ...