Fund accounting is one of the most typical services the custodians alongside the safekeeping function. This type of accounting is used by the financial funds on money entrusted to them by donors, grantors, or other external sources. In fund accounting, … Continue reading Fund accounting
Let’s have a look at one of the most interesting items of the accounting statements that is directly linked to all statements we have looked at (Balance Sheet, Income Statement, and Cash Statement). Pretty much every asset that we have … Continue reading What is depreciation?
The balance sheet tells what a company owns and owes, the income statement tells us what a company earns and pays over the specific timespan. The cash statement uses all that information and explains where the actual money is in all that process. Continue reading Cash Statement and How it Links to Other Statements
The balance sheet is the financial statement that is typically used for figuring out the financial standing of the company. The typical items that you see on the balance sheet are Assets, Liabilities and Owner’s Equity. Continue reading Balance Sheet and its Three Horsemen
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