Mike Medwin's Articles in Finance - Right Article

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Mike Medwin's Articles in Finance

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Learning Basic Accounting Principles Accounting has been defined as, by Professor of Accounting at the University of Michigan William A Paton as having one basic function: "facilitating the administration of economic activity. Get To Know The Bookkeeping Basics Most people probably think of bookkeeping and accounting as the same thing, but bookkeeping is really one function of accounting, while accounting encompasses many functions involved in managing the financial affairs of a business. All About Personal Accounting If you have a checking account, of course you balance it periodically to account for any differences between what's in your statement and what you wrote down for checks and deposits. All About Revenue and Receivables In most businesses, what drives the balance sheet are sales and expenses. In other words, they cause the assets and liabilities in a business. What Is A Balance Sheet? A balance sheet is a quick picture of the financial condition of a business at a specific period in time. Knowing All About Accounting Anyone who's worked in an office at some point or another has had to go to accounting. They're the people who pay and send out the bills that keep the business running.

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