Welcome to the accounting section of Suite101! Accounting is an integral part of business in today's world. Whether the type of accounting you are interested in is financial or managerial, you can find information about it here.
Our topics cover many different subjects including U.S. generally accepted accounting principles (GAAP), basic accounting topics, small business accounting and taxes, and accounting designations such as the Certified Public Accountant (CPA) and Certified Management Accountant (CMA) designations.
Check out the listing of all the featured articles, blog posts and contributing articles . Keep an eye out as there will be many new subject areas and articles added weekly.
If there are any subjects you would like to see featured please feel free to email me with suggestions.
Existing Homeowners now Eligible for Tax Credit
In: Taxes
The IRS is now providing a tax credit of up to $6,500 for many homebuyers for a limited time, subject to restrictions. Purchasers need to act quickly. more...
Pros and Cons of Borrowing from a 401k
In: Taxes
Borrowing from a retirement plan provides cash for current needs, but may reduce the money available later. It is important to consider options carefully. more...
Interest Income, Expense and the Rule of 72
The Rule of 72 is a simple calculation with profound impact, which shows approximately how long it takes for a number to double based on the interest rate. more...
Basic Cost Accounting Variance Analysis
Cost Accounting is the study of how much money it takes to make a product. Variance analysis allows a use to understand differences between actual and expected costs. more...
Credit Card Interest and Balance Transfers
New credit card with a low introductory rate or credit card balance transfer can seem like a good deal. The rates may not turn out to be as low as they seem. more...
Itemized Deductions for State and Local Taxes
In: Taxes
The Internal Revenue Service allows a tax deduction for state and local taxes if a taxpayer itemizes. Knowing the rules can increase refunds. more...
Tax Deduction for Vehicle Donation to Charity
In: Taxes
Taxpayers can still get a deduction for donating a vehicle to charity, but are limited to the fair market value for that particular car or boat. more...
Progressive, Regressive and Flat Taxes
In: Taxes
Taxpayers in the U.S. are assessed based on a progressive tax system, where rates increase as income rises. Flat tax systems are another alternative. more...
All feature articles in Accounting
All contributors in Accounting
Accounting Basics – General Ledger Accounts
By:
James Clausen
Accounting 101 – Bank Reconciliation
In: Bookkeeping
By:
James Clausen
Accounting 101 – Closing Trial Balance Sheet
By:
James Clausen
Basic Accounting – Understanding Credit Cards
In: Bookkeeping
By: Johanus Haidner
In: Bookkeeping
By: Johanus Haidner
All contributing articles in Accounting