Learn about the positive accounting theory, how it works, and how to use it when reading financial statements.

Learn what inventory accounting is, how it works, and key methods like FIFO, LIFO, and WAC. Includes real-world examples, ...

Corporate finance focuses on how corporations can use long- and short-term financial planning and other strategies to source funding, structure capital, make investments and employ accounting ...

Advanced accounting software platforms can reconcile between the two methods. As you enter transactions, you can then pull cash-basis or accrual-basis financial reports depending on your needs.