Understanding these basic accounting concepts can help you make smarter financial decisions in the long run, as well as in your day-to-day operations.

Accounting: Entrance Exam The Intermediate Entrance Exam is a 2.5-hour, 60 questions, competency exam for students who desire to enroll in Intermediate Accounting I (ACCT 3311). Registration for the ...

Accounting is based on a double-entry balancing system. Every account works together according to the accounting equation, assets equal liabilities plus stockholders' equity.

Usefulness of the Accounting Theory. Accounting is the mathematical science of collecting, recording, and compiling financial information into formats that can communicate that information to its ...