Accounting

  Accounting Principles Understanding Accounting Principles The ultimate goal of any set of accounting principles is to ensure that a company's financial statements are complete, consistent, and comparable. This makes it easier for investors to analyze and extract useful information from the company's financial statements, including trend data over a period of time. It also facilitates the comparison of financial information across different companies. Accounting principles also help mitigate accounting fraud by increasing transparency and allowing red flags to be identified. Generally Accepted Accounting Principles (GAAP) Publicly traded companies in the United States are required to regularly file generally accepted accounting principles, or GAAP-compliant financial statements in order to remain publicly listed on stock exchanges. Chief officers of publicly traded companies and their independent auditors must certify that the financial statements and related notes ...

  Hope vs. Wish Have you ever said (or heard) something like this:  I wish I pass my test. It sounds good, right? Actually, it is a common mistake. There are many verbs in English that are close enough in meaning that students confuse them. Most of the time, a native speaker will know what you are trying to say, but if you use the words correctly, you will sound more fluent. A common mistake that many students make is confusing  hope  and  wish .   Learn the Basics Hope : to desire something good or positive in the future We use 'hope' to talk about things in the present or future that we think have a good chance of happening. On the other hand, we use 'wish' to talk about things that are impossible or unlikely. We usually need to use '(that) + clause' after 'hope' or 'to + infinitive'. It's very common to drop 'that'. I hope that you have a great time. I hope that she passed the exam. I hope to pass the exam. I hope to get there earl...

  The Accounting Equation Financial accounting is an area which can be explained simply by using the accounting equation, which is assets = liabilities + capital. But what does that really mean? To understand the significance of the equation, first we must explore the meaning of the three words; assets, liabilities and capital. These terms are often used in accounting but can have very different meanings. In general, assets are something of value to the company but usually when we think of assets we think of current and fixed assets. However, in the accounting equation we should also take longterm and intangible assets into consideration as they all fall into the category of assets and thus add value to an entity. Intangible assets can be hard to quantify as we are often unable to compare them with the market. Intangible assets include such things as licenses, intellectual property and goodwill which may have a specific va...

WHAT ARE YOU LIKE? WHAT IS YOUR BROTHER LIKE? WHAT IS YOUR MOTHER LIKE? WHAT IS YOUR SISTER LIKE? WHAT IS YOUR BEST FRIEND LIKE? WHAT IS YOUR BOSS LIKE? WHAT IS HE LIKE? WHAT IS SHE LIKE? ambitious: ambicioso amusing: divertido anxious: preocupado, inquieto bad-tempered:de mal genio brave :  valiente calm :  tranquilo charming :  encantador cheerful :  alegre clever :  listo crazy :  loco cruel :  cruel decisive :  decisivo enthusiastic :  entusiasta friendly :  amable funny :  divertido generous :  generoso gentle :  tierno, dulce good-natured :  bonachón intelligent :  inteligente kind :  amable lazy :  perezoso. gandul, vago mean :  mezquino, agarrado, tacaño, malvado modest :  modesto nasty :  sucio, obsceno naughty :  travieso, pícaro nervous :  nervioso nice :...

First paragraph At first sight: A primera vista First: En primer lugar First of all: Antes que nada In the first place: En primer lugar To start with: Para empezar Second paragraph In the second place: En segundo lugar Second: Segundo Secondly: En segundo lugar Third: Tercero Thirdly: En tercer lugar Conclusion Finally: Por último In conclusion: Para concluir Lastly: Por último And eventually: Y finalmente Adding information apart from: Aparte de in addition: Además in addition to: Además de What’s more: Además; lo que es más moreover: Además on top of that: Además besides: Además On the one hand: Por una parte On the other hand: Por otra parte and eventually: Y finalmente Contrast all the same: a pesar de todo however: sin embargo instead of: en vez de in spite of / despite: a pesar de nevertheless: no obstante on the contrary: por el contrario whe...

  The term   bookkeeping   means different things to different people: Some people think that  bookkeeping  is the same as accounting. They assume that keeping a company's books and preparing its financial statements and tax reports are all part of bookkeeping. Accountants do not share their view. Others see  bookkeeping  as limited to recording transactions in journals or daybooks and then posting the amounts into accounts in ledgers. After the amounts are posted, the bookkeeping has ended and an accountant with a college degree takes over. The accountant will make adjusting entries and then prepare the financial statements and other reports. The past distinctions between bookkeeping and accounting have become blurred with the use of computers and accounting software. For example, a person with little bookkeeping training can use the accounting software to record vendor invoices, prepare sales invoices, etc. and the software will update the accounts i...