How to avoid overstocking or understocking and use investment optimally. What is inventory turnover and how it affects financial statements. How to calculate the number of days it takes to sell inventory.

Understand what the figures in the financial statements mean in regards to the business. Monitor your business' health with a few simple ratios and take timely corrective or preventive actions. Use financial statements to analyse your business.

With the world economy still in recession, fraudsters have become even more creative with their methods of scamming the public. Keep abreast of various kinds of fraudulent activities to avoid becoming a victim. There will be no dearth of job opportunities for a Forensic Accountant/Fraud Examiner

What makes you a successful accountant? Develop winning behaviors and draw others near you. Honesty and integrity should be our hallmark.

A Work Sheet helps summarize and transfer data from the trial balance to the financial statements.

Accounting errors are a big deal. Accounting errors are unintentional mistakes as opposed to fraud where an intention to deceive investors is present. Correcting errors may imply to restate financial statements. The invitation is for accountants to strive to prepare financial statements error-free.

Going from cash-basis accounting to accrual basis accounting requires a clear understanding of this process. Accomplish it with a simple approach.

Break-Even Point Analysis is very important in a decision making process. This simple example walks you through the process.

The indirect method is the most widely used.The direct method is call income statement method while the indirect method is called the reconciliation method.

Tips on effective credit sales and minimizing bad debts. Follow few simple rules and optimize collection from your debtors. Effective accounts receivable management. Bad debts allowance calculation and how it is accounted.