The expanded accounting equation builds upon the basic accounting equation's use of assets, liabilities and equity by incorporating additional components such as revenues, expenses and withdrawals.

The accounting equation illustrates the relationship between a company's assets and the claims that creditors and investors have on those assets. The equation is the basic structure on which a company ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Business advertising is signified by two important accounting activities. First, revenue leaves the business when an advertising expense is incurred. Second, revenue enters the company if the ...

For all the accounting and advisory work completed by the staff of Maryland firm Rosen, Sapperstein & Friedlander over the last year, the most satisfying was surely the numbers crunched into the bonus ...