Accountant Town: Accounting Guides, Tools and Resources for Accountant...

Accountant Town. AccountantTown.com is designed to help readers, from the seasoned accounting professional to the non-accountant trying to learn...

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Accountanttown.com news digest

  • 4 years

    Financial Statements Rounded

    Why are the amounts on the financial statements rounded to thousands or millions?
    Different people may have different understanding about the definition of financial statements.
    According to some international accounting standards, the financial statements are classified to be the statement of comprehensive income, which is generally called the income statement, the statement of financial position, which is the balance sheet...

  • 4 years

    Accounts Receivable

    ACCOUNTS RECEIVABLE ENTRY GUIDE
    Journal entries for Accounts Receivable are an important part of a businesses accounting. Those items that have been sold yet payment has not been received for are recorded in the company’s accounts receivable.
    As the cash has not actually been received for goods or services rendered, the revenue is typically recognized yet the balance sheet side is recorded in accounts receivable....

  • 4 years

    Arthur Andersen

    Arthur Andersen Biography
    Arthur Andersen – Founder of the famous firm named after him
    Biography

  • 4 years

    Alwin & Theodore Ernst

    Alwin & Theodore Ernst Biography
    Alwin & Theodore Ernst were the sons of a tailor in Cleveland, Ohio. After they finished their high school study, they tried to study in the evening classes at the business college.
    They did not have enough money to pay the tuition fees at that time so they worked very hard in the morning to earn for the night classes. In 1900, they went to work in the company called Audit Co. located in Cleveland....

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