Assets are quantifiable things — tangible or intangible — that add to your company’s value Liabilities are what your company owes to others, whether that’s an investor or a bank that issued a loan ...

An asset is anything, tangible or intangible, that has economic value to its owner or could have economic value in the future.

Quick ratio: Calculated by dividing current assets (excluding inventory) by current liabilities. By excluding inventory, the ...

Stockholders' equity is the value of assets a company has remaining after eliminating all its liabilities. Companies with positive trending shareholder equity tend to be in good fiscal health. Those ...

A balance sheet is a versatile document that offers a snapshot of a company's or individual's finances at a given point in time. Businesses can use balance sheets to develop plans for the future and ...

Income statements, balance sheets and cash flow statements. If you're running a business, you probably have some knowledge of basic financial statements and how to use them. But do you know why ...

Learn the principles of financial accounting, its importance, and how it functions to provide a clear picture of a company's financial health and compliance.

Discover the key differences between debits vs credits in accounting — debits increase assets, while credits boost liabilities and equity. In accounting, debits increase assets and decrease ...