Accounting Equations and Answers

by Speedy Publishing

Accountants use equations throughout their professional career. Some of these equations are quite simple; the basic assets are equal to liabilities and owners' equity is the theoretical underpinning of double-entry bookkeeping. Others are more complex in nature and are used to calculate the internal rate of return, present value of cash flows, and various functions to calculate the fair value of assets. Having a chart available that provides some of these basic formulas is a helpful way to keep track of them which can lead to improved efficiencies and a higher quality work product that can further your career.

4 pages, Kindle Edition

First published January 1, 2015

Reviews

[Steph · Rating 5 out of 5]

A helpful tool for accounting and business majors. Includes various accounting formulas and equations with an in-depth review on how to get the correct answer. It even includes a quiz at the end to further test your knowledge.