Lucy – Accounting Diaries

Behind the Smoke and Mirrors: The Volkswagen Emissions Scandal and the Accounting Lessons We Can Learn

In 2015, the automotive world was rocked by a scandal that not only undermined a major company’s reputation but also

As accounting students, you will encounter various types of transactions that influence how a company’s financial position is represented. One

The collapse of Lehman Brothers in September 2008 remains one of the most significant events in modern financial history. The

In the world of accounting, the timing of revenue recognition plays a crucial role in presenting an accurate and fair

In the realm of corporate accounting, transparency, trust, and ethical practices are paramount. The Satyam Computer Services scandal, one of

Accrual accounting is the backbone of financial reporting for businesses. One of the key components of accrual accounting is the

The Savings and Loan (S&L) Crisis of the 1980s is one of the most significant events in the history of

As accounting students, you are bound to encounter various accounting terms and concepts that help you capture and report a

In the early 2000s, one of the most infamous accounting scandals in corporate history unfolded with the rise and fall

Accounting can be a tricky field, filled with complex terms and concepts, but understanding key revenue-related concepts like “accrued revenue”