The accounting equation defines a company’s total assets as the sum of its liabilities and shareholders’ equity. It's the foundation of the double-entry accounting system.

The most important accounting formulas are practical and intuitive, making them easy to remember and apply.

The expanded accounting equation is derived from the accounting equation and illustrates the different components of stockholder equity in a company.

The expanded accounting equation builds upon the basic accounting equation's use of assets, liabilities and equity by incorporating additional components such as revenues, expenses and withdrawals ...

The accounting equation is assets = liabilities + owner's equity. Accountants use this equation every day to determine how certain accounts affect a company's balance sheet or income statement.

Online Exclusive: Accounting Basics for Small Contractors — The Balance Sheet Assets = Liabilities + Owners’ Equity Assets are the things that a company owns. There are current assets and long-term ...

The ending balance formula for any account takes the beginning balance and adds all transactions for a given period. In financial accounting, the period is the end of the quarter or the year. In ...

Q. When I’m working in Excel, I sometimes have trouble remembering a formula. Is there an instant crib sheet I can refer to? I know I can look it up in Help , but that’s such a slow process. A. Yes, ...

Swedish bank SEB will take SKr8.2bn (€830m) worth of balance sheet writedowns over its next two sets of financial results, it warned on Friday, as new accounting rules and transformation costs ...