Accounting Equations And Answers (Speedy Study Guides)

Business & Finance, Accounting
Cover of the book Accounting Equations And Answers (Speedy Study Guides) by Speedy Publishing, Speedy Publishing LLC
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Author: Speedy Publishing ISBN: 9781633839304
Publisher: Speedy Publishing LLC Publication: June 17, 2014
Imprint: Dot EDU Language: English
Author: Speedy Publishing
ISBN: 9781633839304
Publisher: Speedy Publishing LLC
Publication: June 17, 2014
Imprint: Dot EDU
Language: English

Accountants use equations throughout their professional career. Some of these equations are quite simple; the basic assets are equal to liabilities and owners' equity is the theoretical underpinning of double-entry bookkeeping. Others are more complex in nature and are used to calculate the internal rate of return, present value of cash flows, and various functions to calculate the fair value of assets. Having a chart available that provides some of these basic formulas is a helpful way to keep track of them which can lead to improved efficiencies and a higher quality work product that can further your career.

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Accountants use equations throughout their professional career. Some of these equations are quite simple; the basic assets are equal to liabilities and owners' equity is the theoretical underpinning of double-entry bookkeeping. Others are more complex in nature and are used to calculate the internal rate of return, present value of cash flows, and various functions to calculate the fair value of assets. Having a chart available that provides some of these basic formulas is a helpful way to keep track of them which can lead to improved efficiencies and a higher quality work product that can further your career.

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