Tag: Accounting Instruction

Obstacles to Learning Accounting are the Same as Those for Learning Music

The primary obstacle to learning accounting concepts is the memorization of rules, a simple task, but one most do not find very enjoyable. Memorizing rules is the same obstacle holding people back from learning many fulfilling activities, activities like learning music, or a new language. Rules of some kind must be learned to play music.… Continue reading Obstacles to Learning Accounting are the Same as Those for Learning Music

Categories of Accounting – Financial Accounting & Managerial Accounting

Accounting is divided into two major groups; Financial Accounting & Managerial Accounting. Financial Accounting – What Needs To Be Known Financial accounting has the end goal of generating financial statements, financial statements designed with external user needs in mind. The aim of financial accounting toward external users may seem strange at first because financial data… Continue reading Categories of Accounting – Financial Accounting & Managerial Accounting

Federal court strikes down PTIN fees, upholds PTINs – See more at: http://www.journalofaccountancy.com/news/2017/jun/circuit-court-strikes-down-ptin-user-fees-201716814.html#sthash.K1ngPHUP.dpuf

D.C. District Court strikes down PTIN fees, upholds PTINs https://t.co/I3VoFUakjs — JournalofAccountancy (@AICPA_JofA) June 6, 2017 http://www.youtube.com/c/AccountingInstructionHelpHowToBobSteele http://accountinginstruction.com/ https://www.facebook.com/pg/AccountingInstructionhelp/videos/?ref=page_internal

Business Categorization

Business Categorization

There are many useful ways to separate and categorize business entities, one being by business form, by type of business structure, another being by a business’s relation to inventory,  whether the business is selling inventory and whether they produce the inventory they are selling. Three broad categories of business structure are a sole proprietorship, partnership,… Continue reading Business Categorization