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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...

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...

Shocking Accountant Stereotypes You Should Ignore

  So, there are a lot of accountancy stereotypes out there. Some are based on mild truths whilst others are just ridiculous. It seems those...

Accountancy Misconceptions; What Are They?

  Accountancy is nothing more than an afterthought for many, and a droll one at that. However, there are many misconceptions when it comes to...

What Are Assets, Liabilities and Capital?

If you are keen to train as an accountant, or perhaps you are already in the process of training, you’ll find the following three...

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...

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...

What is Financial Accounting?

  For those of you thinking about starting a career in accountancy, you are likely to already be familiar with the topic and what it...

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