Fundamental accounting refers to the basic principles of accounting. Financial statements are prepared according to agreed upon guidelines. In order to understand these guidelines, it helps to understand the objectives of financial reporting. The objectives of financial reporting, as discussed…

Value Added Tax (VAT) is a tax on consumption levied in the United Kingdom by the National Government. Having the right information can help you save on taxes. It was introduced in 1973 and is the third largest source of…

Accounting 1 on 1 is very benificial to understanding and utilizing financial statements. Financial statements are prepared according to agreed upon guidelines. In order to understand these guidelines, it helps to understand the objectives of financial reporting. The objectives of…

Financial statements, also known as an invoice, are prepared according to agreed upon guidelines. In order to understand these guidelines, it helps to understand the objectives of financial reporting. The objectives of financial reporting, as discussed in the Financial Accounting…