Learn how to analyze a company's balance sheet, including assets, liabilities, and equity, for smarter investment decisions.

Discover how accounts payable function as short-term liabilities, not expenses, and learn how they impact a company's ...

When investing, assessing a company’s assets and liabilities is a basic requirement to determine what the company is worth. Thankfully, public companies file their financial statements with the ...

The expanded accounting equation builds upon the basic accounting equation's use of assets, liabilities and equity by incorporating additional components such as revenues, expenses and withdrawals.

Learn how accounting spreadsheets work with real examples of journals plus when to switch to accounting software.

Assets generate income and appreciate in value, while liabilities drain resources and depreciate over time. Do you want to improve your net worth? Probably so. But if you’re like many people, you ...

Accounting gives a business a way to keep track of its liabilities and expenses. In terms of liability vs. expense accounts, a liability refers to a financial obligation, or upcoming duty to pay. An ...

While it seems contradictory that assets and expenses can both have debit balances, the explanation is quite logical when one understands the basics of accounting. Modern-day accounting theory is ...

Capital gains arise when the selling price of an asset exceeds its acquisition cost after adjusting for transfer expenses.

The financial system accounting structure for the University of Colorado (CU) is made up of eleven blocks of information called ChartFields. These ChartFields can be joined together in various ...