Bookkeeping can be daunting. There are various tasks to juggle, and getting it wrong could have serious implications. Fortunately, established processes exist to help businesses and entrepreneurs ...

Reviewed by Andy Smith Fact checked by Vikki Velasquez Financial Accounting: An Overview Financial accounting is the process by which an organization's revenue, receivables and expenses are collected, ...

Accounting principles are guidelines companies must follow when recording and reporting accounting transactions. GAAP and IFRS are the two major standards used worldwide. Accounting principles are ...