Accounting: The language of business

A definition of accounting that I have heard often is that ‘Accounting is the language of business’. I think that this is quite a good definition. The key use of language is communication. And the accounting process that culminates in financial statements is one way that a business communicates its business performance to the rest of the [...]

Deferred taxes

Deferred taxes arise as a result of a mismatch between tax rules and GAAP rules. Financial statements are presented in accordance with the principles and rules laid out by GAAP.

AAA: American Accounting Association

The  ‘American Accounting Association’, popularly known as AAA is an organization founded in 1916 and adopted the current name in 1936. The American Accounting Association is mainly for Academic accountants but open to all those who are interested in accounts. AAA upholds its mission to promote worldwide excellence in accounting education, research and practice while [...]

AccountingTutor.org is now twittering!

AccountingTutor.org is now on twitter!

Dominate Accounting!

Accounting intimidates most accounting students. Learning accounting is not an easy task but if approached the right way, it can be easily mastered – or dominated. We want to help you master and dominate accounting.