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GAAP – Accounting for Equity - An Introduction to Equity The Basic Accounting Equation says that Assets – Liabilities = Equity Equity (stockholders’ equity, owners’ equity, etc.) is the claim shareholders of a company have on assets once the liabilities have been satisfied. Equity on the Balance Sheet There are five critical entries on a balance sheet related to equity: retained earnings, common stock, preferred stock, treasury stock, and other comprehensive income. Unlike assets and liabilities, equity tends to be much… Read More...
Personal Finance
Banks, Credit Unions, and Savings & Loan Institutions - When talking about Banking, people generally group Banks, Credit Unions, and Savings & Loan companies all in one group. They do provide similar services, but they each have specific differences that might make them a… Read More...
Debt Management Services - If you find yourself over your head in debt, there is always a light at the end of the tunnel. Credit counseling agencies, both for-profit and non-profit, exist in every state to help people build… Read More...Student Loans - What is a Student Loan? A student loan is exactly what it sounds like – a loan given to students to finance their studies. This is most common for college or university students, but also… Read More...
Credit Cards - What are Credit Cards? Credit cards is a form of unsecured credit (meaning a loan without collateral) that you can use to make everyday purchases. All credit card purchases are made using a loan –… Read More...