Accounting

What is the difference between the IFRS vs GAAP income statements? The IFRS and US GAAP are the two common

The net income vs net earnings subject matter has been quite confusing to many as they want to know the

The profit margin ratio formula at different levels guides the calculation which in turn helps in assessing a firm’s profitability.

Understanding the differences between EBIT vs net income is important for making informed and sound financial decisions regarding whether to

The different types of general ledger accounts are contained in the general ledger which summarizes all the financial transactions within

An asset turnover ratio formula compares the total amount of a company’s net sales in dollar amount to the total

The term “indirect cash flow statement” is used to describe an indirect method of preparing a statement of cash flow

The term “fortress balance sheet” was propounded by Jamie Dimon, the CEO of JPMorgan & Co to mean having a

Is net profit the same as net income? Net profit and net profit are terms that are commonly used while

Investors and analysts make use of several financial metrics to evaluate the financial health of a business. The net profit