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Cloud vs Desktop Accounting

Before cloud-based accounting software was widely used, desktop-based accounting software dominated the accounting software market. Data storage in desktop accounting software is usually stored on a computer hard drive, in addition, desktop-based accounting software...

Accounting According to Kieso

What Is Accounting? Accounting consists of three basic activities-it identifies, records and communicates the economic events of an organization to interested users. Identifies. A company identifies the economic events relevant to its business. Records. Recording...
Accounting and Bookkeeping works the same?

Accounting and Bookkeeping works the same?

Every business deals with financial data. It’s how business owners gain insights as to whether their company is doing well or not in the global market. Hence, accountants and bookkeepers are engaged to organise and analyse the numbers. But do accountants and...
What Is Managerial Accounting?

What Is Managerial Accounting?

involves the presentation of financial information for internal purposes to be used by management in making key business decisions. Techniques used by managerial accountants are not dictated by accounting standards, unlike financial accounting. The presentation of...
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