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Tuesday, February 20, 2018

What’s the Difference Between Accounts Receivable and Accounts Payable?

If you’re thinking about joining the accounting profession, you’re more than likely to be familiar with the terms ‘Accounts Payable’ and ‘Accounts Receivable’, but...
New Year's resolutions

Key Hole Accounting: New Year, New… Opportunities

New Year’s Resolutions After the decorations are taken down and we’ve sadly said goodbye to 2017, our thoughts will inevitably turn to yet another 365...

What are the Accounting Standards?

  The accounting standards are principles that guide and standardise accounting practices. The acronym GAAP stands for ‘Generally Accepted Accounting Principles’. It’s a term used...
Tax relief symbol - roll-over relief

Smart Accounting? It’s All About Deduction

We here at Aspiring Accountants think of accounting as somewhat akin to detective work. It involves thorough investigation, inference and an excellent understanding of...

Basic Accounting Principles You Should Know

  If you’re planning on entering into an accounting profession, it’ll help to familiarise yourself with the accounting principles. The principles are in place to...

Bookkeeping 101

The term bookkeeping tends to mean different things to different people. Some individuals believe bookkeeping and accounting are the same thing (although accountants tend...
Fundamental Issues in Banking

Banking – Part 2: Fundamental Issues in Banking

In part one of our banking series, we scratched the surface on how complicated the sector is. Today we continue in that same vein...
financial system

Banking – Part 1: The Financial System

Imagine a writer writing about writing. Confusing, right? The subject of writing is what the writer writes about. Still no clearer? Banks are part...

What Are the Accounting Principles?

  Generally Accepted Accounting Principles (GAAP) are the most commonly recognised principles within accounting. They are adhered to by a wide number of companies all...

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