Accounting Concepts Bases and Policies Concepts/conventions/principles Accounting Concepts are broad basic assumptions that underlie the periodic financial accounts of business enterprises. Examples of concepts include: The going concern concept The going concern concept Implies that the business will continue in operational existence for the foreseeable future, and that there is no intention to put the […]
ACCOUNTING THEORY International Accounting Standards and International Financial Reporting Standards The foreword to accounting standards defines Accounting Standards as Authoritative statements of how particular types of transaction and other events should be reflected in financial statements. Accounting Standards are developed to achieve comparability of financial information between and among different organizations. International Accounting Standards (IAS’s) […]
Why “Learning by Doing” Works for Accounting Students When it comes to learning accounting, just reading textbooks isn’t enough. To really understand and excel in accounting, students need to practice what they’ve learned. This method, called “learning by doing,” is especially effective for accounting students. Here’s why: Real-Life Practice Accounting isn’t just about learning theories; […]
The Tough Side of Working at the Big Four Accounting Firms Landing a job at one of the Big Four—Deloitte, PwC, Ernst & Young (EY), and KPMG—might seem like a dream come true for many aspiring accountants. These firms promise great career opportunities and a chance to work with some of the biggest companies in […]
Student Room Decoration Ideas Moving into student accommodation for the first time can feel a bit weird. It’s like you’ve landed on a different planet where everything looks unfamiliar. But don’t worry! With a few simple touches, you can turn that plain room into a cozy spot that feels just like home. Here’s how to […]
Student Accommodation Introduction Finding the right place to live during your studies isn’t just about having a roof over your head. Where you live can really affect both how well you do in your classes and how much you enjoy your student life. Think about it: your home is where you’ll study, relax, and make […]
Test your knowledge with this practice quiz You get to see the correct answers on submission of the quiz. We can help you master accounting basics concepts and help you build a strong foundation for the future. [ays_quiz id=’1′]
Course material is not always enough In order to achieve academic success, it is crucial to have a thorough understanding of course material. However, possessing knowledge of the content is not always enough to perform well on exams. Many students find themselves struggling to decipher the questions on exams, despite having studied the material thoroughly. […]
Active Learning in Accounting Active learning techniques can transform the way you study accounting by making the learning process more engaging and effective. Here’s a detailed look at some strategies that are particularly useful for accounting students: Case Studies Employ case studies to bridge the gap between theoretical accounting concepts and their real-world applications. Analyzing […]
How to study Accounting Understanding Your Learning Style Understanding your learning style is crucial when it comes to studying accounting. Some people are visual learners, meaning they learn best by seeing information in the form of charts, graphs, or diagrams. Others are auditory learners, who absorb information better through listening to lectures or discussions. Finally, […]
