Introduction to Business: A Friendly Guide for Beginners
A business is basically any activity where goods (things you can touch) or services (things people do for you) are exchanged for money.
A business is basically any activity where goods (things you can touch) or services (things people do for you) are exchanged for money.
This article breaks down what makes personal budgets and corporate budgets unique while keeping things simple and easy to grasp with simple illustrations.
Whether you’re new to budgeting or looking to switch things up, understanding the various types of budgets can help you choose the one that best suits you
Budgeting isn’t just about restricting your spending; it’s about empowering yourself to take control of your finances and plan for a brighter future.
When it comes to managing money, you’ve probably heard the terms budgeting and forecasting. Budgeting is about planning ahead. Forecasting is about predicting.
A budget is a plan that outlines how much money you expect to make (income) and how you plan to spend it (expenses). Here’s how to create a budget in 5 steps.
The accounting cycle is a series of 8 steps that businesses follow to keep their financial records in order. Read to learn more about The accounting cycle.
The double-entry bookkeeping system is a method used to record financial transactions in a way that keeps everything balanced. To learn more, read this post
GAAP and IFRS are two major accounting standards that help businesses prepare their financial statements in a consistent and reliable way. Read to learn more.
Accounting principles and concepts ensure that financial information is reported in a clear, consistent, and honest way. Read this post to learn the principles