Basics of Accounting
Learn fundamental accounting concepts, principles, and practices. Perfect for beginners and students starting their journey in finance and accounting.
Updated May 19, 2026
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What Is Other Comprehensive Income (OCI)? Full Guide
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...
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Updated Feb 28, 2026
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What Is Materiality in Accounting? Definition & Guide
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...
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Updated Feb 28, 2026
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Accrual Concept in Accounting: Definition & Examples
Accrual Concept in Accounting: Definition, Examples, and IFRS Treatment The accrual concept in accounting requires recording Revenue when it is earned and expenses when they are incurred—regardless of...
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Updated Feb 07, 2026
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Depreciation Methods: Formulas + 20 Solved Examples
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...
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Updated Feb 28, 2026
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Costs of Goods Sold. Definition | Calculation | Example
Costs of Goods Sold Cost of Goods Sold (COGS) is the direct cost of producing or acquiring the goods and services sold by a company; This includes the...
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Updated Feb 07, 2026
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Year over Year YoY analysis. Examples, measurement and seasonality
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...
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Updated May 01, 2026
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What is EBITDA? Meaning, Formula, Calculation and Examples
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...
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Updated Feb 05, 2026
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Going Concern in Accounting Explained
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,...
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Updated May 01, 2026
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Trial Balance in Accounting: Definition, Types, Format & Examples
📋 Reviewed by Ritika Nath — Chartered Accountant | 12+ Years Teaching Accounting | Senior Faculty at Eduyush Last updated: May 2026. This guide covers the trial balance...
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