Accounting articles

What is framework?

What is framework?Update: IAS 39 Financial Instruments – Recognition and Measurement summary noteThis article is a qualitative synthesis of quantitative and qualitative research investigating the flipped learning approach in engineering education. Sy... Read more

Corporate title

Corporate titleTypically, senior managers are "higher" than vice presidents, although many times a senior officer may also hold a vice president title, such as executive vice president and chief financial officer (CFO). The board of directors is tech... Read more

Learn About Simple and Compound Interest

Learn About Simple and Compound InterestThis concept is known as the time value of money and forms the basis for relatively advanced techniques like discounted cash flow (DCF) analysis. The discount factor can be thought of as the reciprocal of the i... Read more

What is a contra asset account?

What is a contra asset account?In the double-entry system, transactions are recorded in terms of debits and credits. Since a debit in one account offsets a credit in another, the sum of all debits must equal the sum of all credits. The double-entry s... Read more

Exponential Functions: Compound Interest

Exponential Functions: Compound InterestPooling together its members money is how banks and other lenders provide loans to borrowers, among other banking activities. We pay interest on credit card purchases and loans, and we earn interest on our savi... Read more