The accounting equation is a fundamental concept for investors, accountants, and business owners. It is a simple formula, yet when arranged in the preferred way, causes confusion for people. The goal of this article is to help define the accounting equation formula, and to show why the preferred format is used and how it makes […]
Continue readingDid you know that you can use an add-on for Google Sheets for financial statement analysis? Google Sheets does contain a function to obtain financial data, but it’s limited in what it returns. In this article, we’ll explore an add-on that can be beneficial in this type of analysis.Why Google Sheets for Financial Statement Analysis? Defining […]
Continue readingAccounting is the language of business. Warren Buffett states that if you aren’t willing to learn the principles of accounting, you have no way of learning how a company is doing. While it’s true that the more accounting you know, the better, it’s not necessary to be a CPA to become an investor. Besides, accounting […]
Continue readingIt’s a bit dangerous to propose that the income statement of a business can be simplified. If you were to make a business decision (stock purchase, buy a business, etc.) just from this idea, you could find yourself in a heap of trouble financially. However, simplifying the income statement is a good place to start your […]
Continue readingDid you know the US Government teaches financial statements? Now, before you get too excited, the information given on the governments website is basic. But, it’s certainly enough to gain an understanding of the subject.Part of our taxpayer money is used to maintain the Securities and Exchange Commission SEC. This is the government body that […]
Continue readingWhen you play sports, it’s likely that you will receive instructions from a coach. The subject of accounting is so complex, that it is probably wise to learn via a coach. Therefore, if you are asking do you need an accounting coach, the answer is yes, you do. Website: AccountingCoach.comOwner: Harold Averkamp CPA, MBACost: Three […]
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