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http://accountingexplained.com/financial/non-current-assets/property-plant-equipment	Property, Plant and Equipment \| Explanation \| Example	Property, Plant and Equipment Property, Plant and Equipment Cost Useful life Salvage value Depreciable amount Depreciation expense Accumulated depreciation Accumulated impairment losses Carrying value Example	Property, Plant and Equipment \| Explanation \| Example Home Accounting Non-Current Assets Property, Plant and Equipment Property, Plant and Equipment Property, plant and equipment (also called tangible fixed assets) is a class of assets which have physical existence, which are held for a company’s internal use and which...	msmarco_doc_00_82683592
http://accountingexplained.com/financial/non-current-assets/straight-line-depreciation	Straight-line depreciation \| Formula, journal entry, example	Straight-line Method of Depreciation Straight-line Method of Depreciation Formula Journal entries Examples Example 1: Whole-period depreciation in the period of purchase Solution: Example 2: Proportional depreciation Presentation in income statement and balance sheet	Straight-line depreciation \| Formula, journal entry, example Home Accounting Non-Current Assets Straight-line Depreciation Straight-line Method of Depreciation In the straight-line depreciation method, the cost of a fixed asset is reduced equally in each period of its useful life till it reaches its residual value. If ...	msmarco_doc_00_82690494
http://accountingexplained.com/financial/non-current-assets/units-production-depreciation	Units of Production Method of Depreciation	Units of Production Method of Depreciation Units of Production Method of Depreciation Formula Example:	Units of Production Method of Depreciation Home Accounting Non-Current Assets Units of Production Depreciation Units of Production Method of Depreciation In units of production method of depreciation, depreciation expense on an asset is charged according to the actual usage of the asset. In units of production method, ...	msmarco_doc_00_82696735
http://accountingexplained.com/financial/partnerships/distribution-of-partnership-income	Distribution of Partnership Income \| Journal Entries \| Example	Distribution of Partnership Income Distribution of Partnership Income Partners' salaries Interest on partners' capital accounts Share in the remaining partnership income Example	Distribution of Partnership Income \| Journal Entries \| Example Home Accounting Partnerships Distribution of Partnership Income Distribution of Partnership Income Net income earned by a partnership is distributed to partners in a number of forms which includes salaries, interest on opening capital balances and/or in the...	msmarco_doc_00_82698826
http://accountingexplained.com/financial/principles/business-entity	Business Entity Concept \| Definition and Example	Business Entity Concept Business Entity Concept Examples	Business Entity Concept \| Definition and Example Home Accounting Principles Business Entity Concept Business Entity Concept Business entity concept requires a business to be treated as an entity different and distinct from its owners. It entails creation of separate books of accounts for each entity in which owners are...	msmarco_doc_00_82703527
http://accountingexplained.com/financial/principles/comparability	Comparability Principle \| Definition and Example	Comparability Principle Comparability Principle Examples	Comparability Principle \| Definition and Example Home Accounting Principles Comparability Principle Comparability Principle Comparability is one of the enhancing qualitative characteristics of useful financial information. Comparability allows users to compare financial position and performance across time and across c...	msmarco_doc_00_82706222
http://accountingexplained.com/financial/principles/consistency	Consistency Concept \| Definition and Examples	Consistency Concept Consistency Concept Examples	Consistency Concept \| Definition and Examples Home Accounting Principles Consistency Concept Consistency Concept The concept of consistency means that accounting methods once adopted must be applied consistently in future. Also same methods and techniques must be used for similar situations. It implies that a business ...	msmarco_doc_00_82708704
http://accountingexplained.com/financial/principles/full-disclosure	Full Disclosure Principle \| Definition and Example	Full Disclosure Principle Full Disclosure Principle Examples	Full Disclosure Principle \| Definition and Example Home Accounting Principles Full Disclosure Principle Full Disclosure Principle Full-disclosure principle requires preparers of financial statements to disclose all information relevant to understanding of their financial position and performance in their general-purpos...	msmarco_doc_00_82710838
http://accountingexplained.com/financial/principles/matching	Matching Principle \| Definition and Examples	Matching Principle Matching Principle Examples	Matching Principle \| Definition and Examples Home Accounting Principles Matching Principle Matching Principle Matching principle is one of the most fundamental principles in accounting. It requires that a company must record expenses in the period in which the related revenues are earned. Matching concept is at the hea...	msmarco_doc_00_82714392
http://accountingexplained.com/financial/principles/materiality	Materiality Concept \| Definition \| Examples	Materiality Concept Materiality Concept Example: Materiality due to size Examples: Nature of the event Materiality Estimates	Materiality Concept \| Definition \| Examples Home Accounting Principles Materiality Concept Materiality Concept Financial statements are prepared to help its users in making economic decisions. All such information which can be reasonably expected to affect decisions of the users of financial statements is material and ...	msmarco_doc_00_82717782
http://accountingexplained.com/financial/principles/monetary-unit	Monetary Unit Assumption \| Definition and Examples	Monetary Unit Assumption Monetary Unit Assumption Examples	Monetary Unit Assumption \| Definition and Examples Home Accounting Principles Monetary Unit Assumption Monetary Unit Assumption Monetary unit assumption assumes that business transactions can be expressed in terms of units of currency without adjustment for inflation. One of a function of money is that it is a unit of ...	msmarco_doc_00_82721281
http://accountingexplained.com/financial/principles/relevance-reliability	Relevance and Faithful Representation \| Definition & Example	Relevance and Faithful Representation Relevance and Faithful Representation Relevance Faithful representation Trade-off between relevance and faithful representation Examples	Relevance and Faithful Representation \| Definition & Example Home Accounting Principles Relevance and Faithful Representation Relevance and Faithful Representation Relevance and faithful representation are the two fundamental qualitative characteristics of useful financial information. Relevance refers to the property ...	msmarco_doc_00_82723719
http://accountingexplained.com/financial/principles/revenue-recognition	Revenue Recognition Principle \| Definition and Examples	Revenue Recognition Principle Revenue Recognition Principle Examples	Revenue Recognition Principle \| Definition and Examples Home Accounting Principles Revenue Recognition Principle Revenue Recognition Principle Revenue recognition principle requires that a company must recognize revenue only when the goods or services are transferred to the customer and not when the associated cash flo...	msmarco_doc_00_82727668
http://accountingexplained.com/financial/ratios/advantages-limitations	Advantages and Limitations of Financial Ratio Analysis	Advantages and Limitations of Ratio Analysis Advantages and Limitations of Ratio Analysis Advantages Limitations	Advantages and Limitations of Financial Ratio Analysis Home Accounting Ratios Pros and Cons of Ratio Analysis Advantages and Limitations of Ratio Analysis Financial ratio analysis is a useful tool for users of financial statements because it allows them to compare a company's financial performance and financial positio...	msmarco_doc_00_82730523
http://accountingexplained.com/financial/ratios/asset-turnover	Asset Turnover Ratio \| Formula, Analysis & Example	Asset Turnover Ratio Asset Turnover Ratio Formula Analysis Example Solution	Asset Turnover Ratio \| Formula, Analysis & Example Home Accounting Ratios Asset Turnover Ratio Asset Turnover Ratio Asset turnover ratio is the ratio of a company's net sales to its average total assets. It is an asset-utilization ratio which tells us how efficiently the company is using its assets to generate revenue....	msmarco_doc_00_82733959
http://accountingexplained.com/financial/ratios/cash-ratio	Cash Ratio	Cash Ratio Cash Ratio Formula Interpretation Examples Solution Solution	Cash Ratio Home Accounting Ratios Cash Ratio Cash Ratio Cash ratio is the ratio of very liquid current assets such as cash and short-term marketable securities of a company to its current liabilities. Cash ratio is the most conservative liquidity ratio because it takes only the near-cash current assets and compare them...	msmarco_doc_00_82737490
http://accountingexplained.com/financial/ratios/current-ratio	Current Ratio \| Definition, interpretation and example	Current Ratio Current Ratio Formula Interpretation Example Solution Limitations of current ratio	Current Ratio \| Definition, interpretation and example Home Accounting Ratios Current Ratio Current Ratio Current ratio is a liquidity ratio which measures a company's ability to pay its current liabilities with cash generated from its current assets. It is calculated by dividing current assets by current liabilities. ...	msmarco_doc_00_82740764
http://accountingexplained.com/financial/ratios/days-sales-outstanding	Days' Sales Outstanding (DSO) Ratio Formula \| Example \| Analysis	Days' Sales Outstanding (DSO) Ratio Days' Sales Outstanding (DSO) Ratio Formula Analysis Examples	Days' Sales Outstanding (DSO) Ratio Formula \| Example \| Analysis Home Accounting Ratios Days' Sales Outstanding Days' Sales Outstanding (DSO) Ratio Days' sales outstanding ratio (also called average collection period or days' sales in receivables) is used to measure the average number of days a business takes to collec...	msmarco_doc_00_82745481
http://accountingexplained.com/financial/ratios/debt-ratio	Debt Ratio \| Formula \| Example \| Analysis	Debt Ratio Debt Ratio Formula Analysis Examples	Debt Ratio \| Formula \| Example \| Analysis Home Accounting Ratios Debt Ratio Debt Ratio Debt ratio (also known as debt-to-assets ratio) is a ratio which measures debt level of a business as a percentage of its total assets. It is calculated by dividing total debt of a business by its total assets. Debt ratio finds out t...	msmarco_doc_00_82747663
http://accountingexplained.com/financial/ratios/debt-to-equity	Debt-to-Equity Ratio Formula \| Example \| Analysis	Debt-to-Equity Ratio Debt-to-Equity Ratio Formula Analysis Example	Debt-to-Equity Ratio Formula \| Example \| Analysis Home Accounting Ratios Debt-to-Equity Ratio Debt-to-Equity Ratio Debt-to-Equity ratio is the ratio of total liabilities of a business to its shareholders' equity. It is a leverage ratio and it measures the degree to which the assets of the business are financed by the d...	msmarco_doc_00_82751833
http://accountingexplained.com/financial/ratios/fixed-assets-turnover	Fixed Assets Turnover Ratio	Fixed Assets Turnover Ratio Fixed Assets Turnover Ratio Formula Average Fixed Assets Interpretation Example Solution	Fixed Assets Turnover Ratio Home Accounting Ratios Fixed Assets Turnover Ratio Fixed Assets Turnover Ratio Fixed assets turnover ratio is an activity ratio which measures how efficiently a company is generating revenues using its fixed assets. It calculates dollars of revenue earned per one dollar of book value of fixe...	msmarco_doc_00_82753811
http://accountingexplained.com/financial/ratios/gross-margin	Gross Margin Ratio Formula \| Example \| Analysis	Gross Margin Ratio Gross Margin Ratio Formula Analysis Examples	Gross Margin Ratio Formula \| Example \| Analysis Home Accounting Ratios Gross Margin Ratio Gross Margin Ratio Gross margin ratio is the ratio of gross profit of a business to its revenue. It is a profitability ratio measuring what proportion of revenue is converted into gross profit (i.e. revenue less cost of goods sold...	msmarco_doc_00_82758406
http://accountingexplained.com/financial/ratios/inventory-turnover	Inventory Turnover Ratio \| Formula, Example & Analysis	Inventory Turnover Ratio Inventory Turnover Ratio Formula Analysis Examples Example 1: Solution Example 2: Solution	Inventory Turnover Ratio \| Formula, Example & Analysis Home Accounting Ratios Inventory Turnover Ratio Inventory Turnover Ratio Inventory turnover is an efficiency/activity ratio which estimates the number of times per period a business sells and replaces its entire batch of inventories. It is the ratio of cost of good...	msmarco_doc_00_82760703
http://accountingexplained.com/financial/ratios/net-profit-margin	Net Profit Margin Ratio \| Formula \| Example \| Analysis	Net Profit Margin Net Profit Margin Formula Example	Net Profit Margin Ratio \| Formula \| Example \| Analysis Home Accounting Ratios Net Profit Margin Net Profit Margin Net profit margin (also called profit margin) is the most basic profitability ratio that measures the percentage of net income of an entity to its net sales. It represents the proportion of sales that is le...	msmarco_doc_00_82765320
http://accountingexplained.com/financial/ratios/operating-margin	Operating Margin Ratio Formula \| Example \| Analysis	Operating Margin Ratio Operating Margin Ratio Formula Analysis Examples	Operating Margin Ratio Formula \| Example \| Analysis Home Accounting Ratios Operating Margin Ratio Operating Margin Ratio Operating margin ratio or return on sales ratio is the ratio of operating income of a business to its revenue. It is profitability ratio showing operating income as a percentage of revenue. Formula O...	msmarco_doc_00_82767824
http://accountingexplained.com/financial/ratios/pe-ratio	Price-Earnings (P/E) Ratio \| Formula, analysis and example	Price-Earnings (P/E) Ratio Price-Earnings (P/E) Ratio Formula Trailing P/E ratio vs leading/forward P/E ratio Analysis Example Solution	Price-Earnings (P/E) Ratio \| Formula, analysis and example Home Accounting Ratios Price-Earnings (P/E) Ratio Price-Earnings (P/E) Ratio Price-earnings ratio or P/E ratio is the ratio of a company's share price to its earnings per share. It is an indicator of whether a company’s stock is fairly valued, undervalued or ov...	msmarco_doc_00_82770113
http://accountingexplained.com/financial/ratios/quick-ratio	Quick Ratio (Acid Test) \| Formula \| Example	Quick Ratio Quick Ratio Formula Analysis Example Solution	Quick Ratio (Acid Test) \| Formula \| Example Home Accounting Ratios Quick Ratio Quick Ratio Quick ratio (also known as acid-test ratio) is a liquidity ratio which measures the dollars of liquid current assets available per dollar of current liabilities. Liquid current assets are current assets which can be quickly conve...	msmarco_doc_00_82773357
http://accountingexplained.com/financial/ratios/receivables-turnover	Accounts Receivable Turnover Ratio	Accounts Receivable Turnover Accounts Receivable Turnover Formula Analysis Examples Example 1 Solution Example 2 Solution	Accounts Receivable Turnover Ratio Home Accounting Ratios Receivables Turnover Accounts Receivable Turnover Accounts receivable turnover (or simply receivables turnover) is the ratio of net credit sales of a business to its average accounts receivable during a given period, usually a year. It is an activity or efficien...	msmarco_doc_00_82778815
http://accountingexplained.com/financial/ratios/return-on-assets	Return on Assets (ROA) Ratio	Return on Assets (ROA) Ratio Return on Assets (ROA) Ratio Formula Calculating Operating Return on Assets Analysis Relationship between ROE and ROA Examples	Return on Assets (ROA) Ratio Home Accounting Ratios Return on Assets Return on Assets (ROA) Ratio Return on assets (ROA) is profitability ratio which measures how effectively a business has used its assets to generate profit. It is calculated by dividing net income for the period by the average total assets. ROA measur...	msmarco_doc_00_82781798
http://accountingexplained.com/financial/ratios/return-on-capital-employed	Return on Capital Employed (ROCE) Formula \| Example \| Analysis	Return on Capital Employed (ROCE) Return on Capital Employed (ROCE) Analysis Examples	Return on Capital Employed (ROCE) Formula \| Example \| Analysis Home Accounting Ratios Return on Capital Employed Return on Capital Employed (ROCE) Return on capital employed (ROCE) is the ratio of net operating profit of a company to its capital employed. It measures the profitability of a company by expressing its ope...	msmarco_doc_00_82785900
http://accountingexplained.com/financial/ratios/return-on-equity	Return on Equity (ROE) Ratio \| Definition, Formula & Example	Return on Equity (ROE) Ratio Return on Equity (ROE) Ratio Formula Analysis Examples	Return on Equity (ROE) Ratio \| Definition, Formula & Example Home Accounting Ratios Return on Equity (ROE) Ratio Return on Equity (ROE) Ratio Return on equity (also called return on shareholders equity) is the ratio of net income of a business during a year to its average shareholders' equity during that year. It is a ...	msmarco_doc_00_82788095
http://accountingexplained.com/financial/receivables/	Accounting for Receivables \| Journal Entries and Example	Accounting for Receivables Accounting for Receivables Accounts receivable Notes receivable Non-trade receivables Example Solution	Accounting for Receivables \| Journal Entries and Example Home Accounting Receivables Accounting for Receivables Receivables are amounts that a company is entitled to receive in cash/bank, with a receipt being due either at present or in future. Receivables may arise as a consequence of the company’s main operations i.e...	msmarco_doc_00_82790974
http://accountingexplained.com/financial/receivables/accounts-receivable-aging	Accounts Receivable Aging \| Bad Debts Estimation, Example	Accounts Receivable Aging Accounts Receivable Aging Estimation of bad debts Example	Accounts Receivable Aging \| Bad Debts Estimation, Example Home Accounting Receivables Accounts Receivable Aging Accounts Receivable Aging Accounts receivable aging schedule is a table which groups the accounts receivable of a company by their age in certain ranges / time periods of days, weeks, months etc. In other wor...	msmarco_doc_00_82795975
http://accountingexplained.com/financial/receivables/bad-debts-allowance-method	Allowance Method of Accounting for Bad Debts	Bad Debts Allowance Method Bad Debts Allowance Method Journal Entries Recognition Write-off Recovery of Bad Debts	Allowance Method of Accounting for Bad Debts Home Accounting Receivables Bad Debts Allowance Method Bad Debts Allowance Method Allowance method of bad debts recognition is an accounting technique in which bad debts for the next accounting period are estimated and an expense for bad debts is recognized in the current pe...	msmarco_doc_00_82799168
http://accountingexplained.com/financial/receivables/bad-debts-direct-write-off-method	Direct Write-off Method of Accounting for Bad Debts	Bad Debts Direct Write-off Method Bad Debts Direct Write-off Method Journal Entry Drawback	Direct Write-off Method of Accounting for Bad Debts Home Accounting Receivables Bad Debts Direct Write-off Bad Debts Direct Write-off Method Direct write-off method of accounting for bad debts is one of the simplest approaches to record bad debts. Bad debts are receivables that are not recoverable. In the direct write-...	msmarco_doc_00_82802805
http://accountingexplained.com/financial/revenue/cost-recovery-method	Cost Recovery Method of Revenue Recognition	Cost Recovery Method of Revenue Recognition Cost Recovery Method of Revenue Recognition Example	Cost Recovery Method of Revenue Recognition Home Accounting Revenue Recognition Cost Recovery Method Cost Recovery Method of Revenue Recognition Cost recovery method (also known as cost recoverability method) is one of the methods of revenue recognition others being installment method, percentage of completion method a...	msmarco_doc_00_82804694
http://accountingexplained.com/financial/statements/	Financial Statements \| Components, Purpose & Types	Financial Statements Financial Statements Usefulness of each component of financial statements Interim and annual financial statements Interim financial statements Annual financial statements	Financial Statements \| Components, Purpose & Types Home Accounting Financial Statements Financial Statements Financial statements are reports that provide information about a company's financial performance and financial position and how it has changed over a period. When we talk about financial statements, we often me...	msmarco_doc_00_82807746
http://accountingexplained.com/financial/statements/balance-sheet	Balance Sheet \| Introduction, Format & Example	Balance Sheet Balance Sheet Types and format	Balance Sheet \| Introduction, Format & Example Home Accounting Financial Statements Balance Sheet Balance Sheet The balance sheet (also known as the statement of financial position) is a financial statement which provides information about a company’s assets, liabilities and shareholders’ equity at a point of time. Tog...	msmarco_doc_00_82812045
http://accountingexplained.com/financial/statements/cash-flow-operating-activities-direct-method	Direct Method Cash Flow from Operating Activities \| Example	Cash-Flow Statement: Direct Method Cash-Flow Statement: Direct Method Formulas Example Solution Calculations	Direct Method Cash Flow from Operating Activities \| Example Home Accounting Financial Statements Direct Method Cash Flow Cash-Flow Statement: Direct Method Direct method of operating activities cash flows is one of the two main techniques that may be used to calculate the net cash flow from operating activities in a ca...	msmarco_doc_00_82815234
http://accountingexplained.com/financial/statements/cash-flow-statement	Cash Flow Statement \| Format \| Example \| Sections	Statement of Cash Flows Statement of Cash Flows Sections Format and Example	Cash Flow Statement \| Format \| Example \| Sections Home Accounting Financial Statements Statement of Cash Flows Statement of Cash Flows A statement of cash flows is a financial statement which summarizes cash transactions of a business during a given accounting period and classifies them under three heads, namely, cash ...	msmarco_doc_00_82820393