Basics of Accounting

Updated Jul 04, 2026 ·

IFRS explained simply Other Comprehensive Income Explained: OCI Meaning, Examples, Journal Entries & Common Mistakes Other Comprehensive Income, or OCI, is the part of total comprehensive income that...

Updated Jun 30, 2026 ·

The materiality principle is a key consideration in financial accounting. The materiality principle holds that financial statements should be prepared and presented so that they fairly represent the...

Updated Jun 30, 2026 ·

Accounting basics Accrual concept The accrual concept is the backbone of modern financial reporting: it records revenue when it's earned and expenses when they're incurred — no matter...

Updated Feb 07, 2026 ·

Depreciation Methods: Formulas + 20 Solved Examples Author Bio Vijaya Swaminathan, CA | 25+ years post-qualification experience  Connect on LinkedIn Introduction: Why Depreciation Still Trips Up Finance Professionals...

Updated Jun 30, 2026 ·

Accounting basics Cost of goods sold (COGS) Before a business can talk about profit, it has to account for what its products actually cost to make or buy....

Updated Feb 07, 2026 ·

Year-over-year (YoY) is a standard financial metric used to measure a company’s performance over time. It compares one year’s run rate to another, and can be used in...

Updated Jun 30, 2026 ·

EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) measures a company's operating profitability. Learn what EBITDA is, how to calculate it, EBITDA margin, adjusted EBITDA, EV/EBITDA multiples, and...

Updated Jun 30, 2026 ·

The going concern principle is a key concept in accounting that helps accountants assess a company's financial health. Here, we take a look at what this principle is,...

Updated May 01, 2026 ·

📋 Reviewed by Ritika Nath — Chartered Accountant | 12+ Years Teaching Accounting | Senior Faculty at Eduyush Last updated: May 2026. This guide covers the trial balance...