January 2023

The cash flow statement can be used to analyze the liquidity and solvency of a business. It shows how much cash the business has at any given time. This financial statement section also states the amount of cash spent on…

The income statement is used to measure the performance of a business over time. This report is one of the most important financial statements containing important financial data of the business. Besides, it also provides detailed information about the…

The balance sheet explains a company's financial position at a point in time. It shows the resources a business possesses to generate cash flow, as well as its liabilities and equity position. The balance sheet is prepared after ensuring…

Financial statements are designed to present the financial position of an entity at a point in time or for a specified period of time. Most accounting standards require financial reporting entities to follow the Accounting Principles established…

The International Financial Reporting Standards (IFRS) were developed by the International Accounting Standards Board, a working group of financial reporting standard-setting bodies from various countries around the world. . The purpose of IFRS is to create a…

GAAP (Generally Accepted Accounting Principles) is a set of guidelines that accounting professionals follow in their financial statements. GAAP standards help companies ensure consistency and transparency in financial reporting and reduce audit risk. Wear …

Financial accounting is a specific branch of accounting that deals with the process of recording, summarizing, and reporting transactions arising from business activity over a period of time. These transactions comply with financial accounting standards to ensure…

Accounting is an important part of any business and it is essential to keep track of your financial progress and ensure you comply with all applicable regulations. In this article, Johnson's Blog will provide the concept of what accounting is and the…

Startups are often referred to as startups that are new to the market. They start small and often have a clear purpose or specific goal. Unlike big companies, startups often face obstacles and…

As a company, you need an efficient application software system. If you want to succeed in your business, it is paramount that the software is of the highest quality. They help your organization operate easily and efficiently. …