All posts by Duc Nghia Vu

Total revenue is one of the most important indicators for the success of a business. It's a metric that measures how much money a company makes from sales, and it's essential to gauge how profitable a company is. …

Earnings per share (EPS) is one of the most basic metrics of profitability. It shows how much profit an organization has generated per share outstanding. Although the dilution number is of interest, it is the base number…

Cash accounting records business transactions in which cash has been received or paid. This means that income and expenses are generally recognized based on the amount of cash received (or paid) rather than the amount of assets or liabilities associated with it.

In double-entry accounting, each business transaction is recorded as a debit to one account and a credit to another. This system allows businesses to track the balances of all their accounts at any given time,…

Under accrual accounting, businesses recognize revenues when they are earned and expenses when they are incurred. This accounting system allows businesses to more accurately track their cash flow and financial position. One of the main benefits of…

Cost accounting is used to determine and budget the cost of goods and services for a business. It involves recording costs incurred in the production or sale of goods or services, as well as general expenses...

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…