Archive for the ‘Accounting Principles’ Category

Commonly Used Accounting Words/Phrases

You don’t need to be an Accountant but you do need to understand at least some of the commonly used Accounting Words in the Financial Statements of Annual Reports:

Understand What Are Accounting Fundamental Errors

Understand What Are Changes In Accounting Policies

Understand The Difference Between Cash Basis Accounting Method [...]

March 21, 2007   Posted in: Accounting Principles  No Comments

Major Accounting Concepts/Conventions/Principles

Append below are the following major Accounting concepts which the author has provided for in his other accounting blog which hopefully explains the concept in a simple manner for readers to understand:-

Key Accounting Concepts/Convention/Principles
In a business in order to account to shareholders/investors/authorities, the financial statements need to follow a certain fixed period of reporting say [...]

March 21, 2007  Tags: Accounting principles  Posted in: Accounting Principles  No Comments


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