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What is a Transaction | Transaction Types I Examples

Alright, this time we need to define transaction on our way to present the simplest accounting dictionary. In our daily life, we perform many transactions like when we go to the grocery store to buy some grocery or when are… Continue Reading

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5 ways to define Capital | Formula | Concepts | Examples

Do you know about 5 ways to define capital? if not, you’ll get to know at the end of this post. Actually, Capital is the amount of injection by the owner(s) into a business. Suppose Marta is starting out her… Continue Reading

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Define Operations, Business Operations, and Operations Management with Examples?

Define Operation, Business Operations and Management Operation With examples? As an accounting aspirant, I’m often asked to define operation and business operations. Business entities are involved in the different operation to generate revenue. These operations vary from business to business.… Continue Reading

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What are Audit Assertions? Balance Sheet and P&L assertions explained.

Audit Assertions are a representation by management that is embodied in the financial statements. These representations may be explicit or not. Assertions are used by the auditors to assess misstatements and to obtain evidence. Audit Assertions are about: Items appearing… Continue Reading

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This’s all you need to Know About BCG Matrix!

BCG Matrix stands for Boston Consulting Group Matrix also known as Portfolio Matrix. It is a 2 × 2 matrix built for strategic planning. It is used for individual business units or products. Strategy for individual business units and products… Continue Reading

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Product Life Cycle explained from beginning to Advanced level

The product life cycle is the period of a product from creation to end of its life. You might be surprised to know that companies and even industries have life cycles. But here, we will be discussing ‘Product life cycle’… Continue Reading

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Why Porter’s Five Forces Model Had Been So Popular Till Now?

Porter’s five forces model is used to answer a few basic questions regarding strategic position analysis i.e. What is the strength of competition in a market? What is the nature of competition in a market or industry? Why some industries… Continue Reading