Financial reporting in bookkeeping and accounting is the process of creating, analyzing, and presenting financial information and data about a company’s financial performance and position. The primary purpose of financial

Financial management in bookkeeping and accounting refers to the strategic planning, monitoring, and control of a company’s financial resources to achieve its financial objectives and maximize shareholder wealth. It encompasses

In bookkeeping and accounting, an expense refers to the costs or outflows of economic resources incurred by a business in its day-to-day operations to generate revenue. Expenses represent the consumption

In bookkeeping and accounting, equity in business refers to the residual interest in the assets of a company after deducting its liabilities. It represents the owners’ or shareholders’ claim on

In bookkeeping and accounting, a direct cost refers to an expense that can be specifically and directly attributed to a particular cost object, project, product, or department within an organization.

In bookkeeping and accounting, current liabilities and non-current liabilities (also known as long-term liabilities) are two distinct categories of liabilities that represent the financial obligations of a company. These liabilities