What are Intangible Assets? Being an accounting student or business professional, you see many business assets that you can touch physically and also aware of them as well. However, there are still many assets that do not exist physically and…
Users of accounting information An accounting information system processes financial and operational data into reports useful for users of accounting information. The two broad groups of users of accounting information are internal users and external users. Let’s have a look…
Future of Accountants Overview: New technology is changing the way people work across all industries. The same holds for the accounting profession. The evolution of technology is changing the future of accountants, and many accountants are afraid that the technological…
Macroeconomic factors overview: The economy of any country, either good or bad, always depends on multiple macroeconomic factors. In order to understand how economies operate and how their performance could be improved, economists collect the economic data and then make…
What is Corporate Finance? Corporate finance is one of the types of finance associated with capital expenditures, investments, and all spending by a corporation. Not only does it keep a record of them, but also assists the management to take…
Types of Finance Overview: Finance has been around for decades; however, it has changed its shape, basis, concept, and purpose of existence now and then. Today, it is nothing closer to what it used to be a decade ago, but…
Small business failures overview: Every year, thousands of entrepreneurs set up new businesses. They enter into business with a hope of success, however; they face constant challenges and a lot of fear of business failures. According to the Bureau of…
What is the statement of cash flow? The statement of cash flow is a regular financial statement that tells you all about inflows and outflows of cash. Even it tells you how much cash in hand you have for a…
Importance of social media in business: Business exposure or brand awareness is one of the primary objectives of the business. The advent of digital technology has made it possible to approach the largest and targeted audience through the growing wave…
Types of Unemployment Overview: Unemployment is a macroeconomic problem that affects people and the economy as well. There are three types of unemployment as referenced by economists: Frictional, structural, and cyclical. Economists say that the economy is “fully employed” when…