Clik here to view.
Accounting literate?
Consultants are not accountants. Yes, there are a lot of consultants who work at the big 4 (Deloitte, E&Y, KPMG, PWC), but they are not accountants. If you ask them to balance credits and debits...
View ArticleClik here to view.
Difference between balance sheet and income statement
For 80% of you, this is so basic that you just “rolled your eyes”. Completely understand. If one of my team asked me this, I would not be happy. I would be scared. In a quick survey from my last...
View ArticleClik here to view.
Accounting is not perfect; the good, the bad, and the ugly
Financial accounting is the language of business – no question. It’s how investors, managers, creditors, suppliers, and regulators keep track of the “score”. Without it, even the most basic questions...
View ArticleWhat is accounts receivable (AR)? Consultants gotta get paid
Accounts receivable (AR) is what people owe you. For anyone who has written an invoice or had difficulty getting a client to pay you for your work, you know how awkward and stressful it is wait for...
View ArticleAccounting 101: What is depreciation?
In my mind, depreciation has two meanings – the common sense definition most people know intuitively, and the financial accounting definition which dictates how costs of fixed assets are spread out...
View Article
