Accrual Method There are two main methods of accounting (or bookkeeping): Accrual method Cash method The accrual method of accounting is the preferred method because it provides: a more complete reporting of the company’s assets, liabilities, and stockholders’ equity at the end of an accounting period, and a more realistic reporting […]
The term bookkeeping means different things to different people: Some people think that bookkeeping is the same as accounting. They assume that keeping a company’s books and preparing its financial statements and tax reports are all part of bookkeeping. Accountants do not share their view. Others see bookkeeping as limited to recording transactions in […]
What is Financial Statement? The word consolidated financial statement is common in accounting, business, and finance world industry but not on the layman or common person. So, what is consolidated financial statement? But before we will answer that question let us understand first what is financial statements? We […]
What is Innovation? The process of translating an idea or invention into a good or service that creates value or for which customers will pay. To be called an innovation, an idea must be replicable at an economical cost and must satisfy a specific need. Innovation involves deliberate […]
Al Jazeera Steel Products Company SAOG was established on Jun 27, 1996 which mostly deal in manufacturing business of different types of structural and steel tube products in the middle east countries. They also exported their manufactured products to twenty-five major western countries, including USA, Canada, Mexico, Australia, […]