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Vertical Analysis: What It Is and How It Can Help You Understand Your Financial Position

Vertical analysis (or common-size analysis) and horizontal analysis (also known as trend analysis) are two of the most commonly used tools in financial statement analysis. This helps to determine whether a company’s performance has been improving or declining over time due to various factors, such as competitive pressure and new product launches. By using both […]

CONTINUE READING Vertical Analysis: What It Is and How It Can Help You Understand Your Financial Position 4 min read
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The 8 Steps in the Accounting Cycle A Step-by-Step Example Guide

The accounting cycle is a set of steps that are repeated in the same order every period. The culmination of these steps is the preparation of financial statements. Some companies prepare financial statements on a quarterly basis whereas other companies prepare them annually. Free Course: Understanding Financial Statements The trial balance gives you an idea […]

CONTINUE READING The 8 Steps in the Accounting Cycle A Step-by-Step Example Guide 4 min read
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Understanding a Balance Sheet With Examples and Video Bench Accounting

Maybe he’s got shelves full of books that have been gathering dust for years. If he can sell them off to another bookseller as a lot, maybe he can raise the $10,000 cash to become more financially stable. Now that the balance sheet is prepared and the beginning and ending cash balances are calculated, the statement […]

CONTINUE READING Understanding a Balance Sheet With Examples and Video Bench Accounting 3 min read