Accounting - Part 1

-

I have studied accounting since 2012 and became a CPA in 2019. I found accounting is not as difficult as someone thinks. I can teach you to understand the basics of financial reporting.

What is accounting? It is a language to organize your spending, earnings, assets, liabilities, and equity in a way that when you read them,  you would know how much your profit/gain is and how much your company is worth. with this information, you can decide how much your tax needs to be paid and lenders will decide if they are comfortable to lend you a loan. 

Ethics is important to prepare such information. As CPAs, we are assumed to have the obligation of self-discipline above and beyond the requirements of laws and regulations. 

 



Comments

Post a Comment

Popular posts from this blog

2023 Outlook

-
Image
  The new year is coming. What should we expect in 2023? -  Inflation will slow down. It means we are less worried about depression.  - The interest rate will not go up. It means bond prices will be stable or go up because bond prices are opposite to interest rates. - Good to purchase high-quality bonds. However, it is easy to say than to do because it is difficult to find a good bond to purchase. I will let it go and won't touch it. - S&P 500 needs to be monitored. When it is higher, you can sell, and when it is lower, then buy. Or leave it alone if you don't have much time to monitor it. - US dollar will decline during 2023. If in this case, it may be better to spend foreign country's money in the USA.
Read more

Canvas - A Site for Editing Photos

-
Image
  Canvas is a website for editing photos, creating posters, and making decorations for your Facebook, Linkedin, etc. It has tons of design templates, and many are free. When I have spare time and write something, I usually go to this website to create my pictures. It is fun.
Read more

Learning a New Language from Duolingo

-
Image
  Studying a language is easy and difficult. What does it mean easy and difficult? Easy I mean you don't need to make a big commitment. Only five minutes a day, that is it. The difficulty is that you have to spend five minutes every day. When I first learned French at university in 2016, I felt it was difficult. However, I have continued to learn it through the free website Duolingo for two years and now I am more familiar with it.   It may not be the best way to learn French but at least I don't have much pressure during the learning journey and I do feel not exhausted. Maybe one day when I have more time, I will put more effort into it. 
Read more