Accounting 101 – Accounting Diaries

for all things accounting

for all things accounting

Understanding Prepayments in Accounting: A Deep Dive into Their Treatment and Journal Entries

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

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

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

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

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

When you begin your journey into accounting, it’s easy to become overwhelmed with the number of terms, calculations, and concepts

When it comes to accounting, the management and categorization of expenses are fundamental. One concept that often causes confusion for

Accounting is often regarded as one of the more difficult subjects in academia, and for good reason. The precision, logical

In the world of accounting, there are many important terms that every student must understand. One of the most fundamental

Accrual accounting is fundamental to understanding how businesses track their financial activities. One of the most essential aspects of accrual