Accounting Tutor .org

Accounting: The language of business

Accountant — Tue, 06 Sep 2011 07:43:29 +0000

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 [...]

Accelerated Accounting: Summer School

Accountant — Mon, 13 Jun 2011 17:46:48 +0000

Summer is here! Plan your holidays, pack your bags, hit the beach, jump on planes, summer school, skydiving ………. Here is another interesting offer if understanding accounting will in any way add value to your lives, careers or minds. We at accountingtutor.org are offering accelerated accounting summer packages. At our accounting summer schools you can [...]

General Electric: 2010 profit=$10 billion Taxes=$0!

Accountant — Fri, 01 Apr 2011 05:16:31 +0000

You’ve probably heard this by now. General Electric (GE) is paying no taxes in the US despite more than $10 billion in profits for the accounting year 2010! How can this be!? I’s earning a fraction (a tiny, little, minute fraction of the $10 billion to be clear) and I’m paying taxes!! US corporations are usually taxed [...]

Accounting for Programmers

Accountant — Sat, 26 Mar 2011 18:09:34 +0000

A few weeks ago we wrote a post titled “The Importance of Accounting for Investors“. We believe that accounting is important for many professions and not just accountants. What about computer scientists or programmers!? The tech world seems very far away from the world of accounting! But we think that accounting is important for [...]

Arithmetic Average vs Geometric Average

Accountant — Thu, 24 Mar 2011 17:47:19 +0000

Arithmetic Average vs Geometric Average? One of our accounting tutors was having a debate with one of his students on which is a better measure of an average. After the debated, he pinged us to check what we think. We have an opinion but wanted to check what you think -Arithmetic Average vs Geometric Average? [...]

Importance of Accounting for Investors

Accountant — Sat, 06 Nov 2010 12:45:06 +0000

The importance of accounting for investors is huge! Accounting is the language of business. That is what management uses to 'communicate' performance to the outside world. However management often wants to communicate only favorable news and this communication is often 'mis' communication.

Nobel Prize for Accounting!

Accountant — Sat, 18 Sep 2010 16:33:16 +0000

Accounting can be fun too. Even if it is not when doing accounting homework!

Learn Accounting?

Accountant — Sat, 07 Aug 2010 05:35:46 +0000

How many ways can you learn accounting? 1) 2) 3) 4) 5) 6) 7) 9) 10) 11) 12) 13) 14) 15) ….. Read the ‘learn accounting‘ page and tell us how many ways there are to learn accounting!

Deferred taxes

Accountant — Wed, 04 Aug 2010 09:19:19 +0000

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.

SEC: Securities Exchange Commission

AccountingCoach — Tue, 20 Jul 2010 08:48:36 +0000

The U.S Securities Exchange Commission is the federal body governing financial accounting securities and exchange in the USA. SEC functions with an aim to safeguard the financial accounting sector by maintaining order and keeping the investors educated and well informed about the securities market. SEC seeks to promote capital formation as it is essential to [...]