Learn about accounting interpretations, why they matter, and how they clarify standards, prevent errors, and provide consistency in financial reporting.

In accounting, net worth is defined as assets minus liabilities. Essentially, it is a measure of what an entity is worth. For an individual, it represents the properties owned, less any debt the ...

Accounting is the structured way you record, organise, and review a company’s financial activities. It helps you track where money comes from, where it goes, and what it means for the business. Once ...

Business bookkeeping gets very complex, with divisions and subsidiaries requiring their own set of accounts. When the business accounting records are established, every account is titled and assigned ...

Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. Timothy Li is a consultant, accountant, ...

Publication of updated accounting dictionary Malta University Publishing has issued George Cassola’s second Maltese dictionary for accountants and other operators in business and finance. The new ...

The main drawback of accrual accounting is that it doesn’t actually reflect the amount of cash a business possesses at any given time since all revenues and expenses are recorded immediately, ...