15 - Adjusting Journal Entries (The Adjusting...

I've read a lot of boring stuff so that you don't have to! Today we will summarize some of the useful information in the FASB Concepts Statements and other literature. This information will be useful as you move along to more advanced levels of accounting. 

Example: You own a sole proprietorship. For this period, you had revenue of $100,000, wage expense of $40,000, and computer expense of $30,000 (net income of $30,000). You also contributed $10,000 to the business this period. Step 1 – Transfer Revenue and Expense items to Income ...  Show more

This episode of FinPod covers understanding bank financial statements and analysis. We highlight the unique aspects of bank financial statements compared to typical company statements, plus the significance of the balance sheet and the importance of understanding interest inco ...

Learn financial English collocations for discussing the findings of an audit. >>> The post BEP 417 – English for Accounting: Discussing an Audit (2) first appeared on Business English Pod :: Learn Business English Online. 

Learn English collocations for discussing an audit with an accountant. >>> The post BEP 416 – English for Accounting: Discussing an Audit (1) first appeared on Business English Pod :: Learn Business English Online. 

In this episode, we explore the balance sheet, a key financial statement that provides a snapshot of a company’s financial position at a specific point in time. We introduce the “three horsemen” of the balance sheet: assets, liabilities, and equity, explaining how they interac ...