GAAP Accounting

Generally Accepted Accounting Principles are standards set by an external body governing how a business prepares financial statements. GAAP accounting makes it possible for external parties to have a fair look on financial position of a company in the manner in which the company presents and treats its assets, liabilities, income and expenses in the …

Accounting Practice Problems

Accounting is a wide field which entails grasping of numerous small concepts over time. Studying accounting is different from studying a novel. Answering accounting questions and problems is the best way of gauging your understanding of accounting concepts. Accounting practice provide students with an opportunity to put into practice concepts learned and review their understanding. …