Fixed Assets
Fixed asset is a long-term tangible asset used in business operations that aren’t expected to be sold within a year. Examples include buildings, machinery, vehicles, and equipment. Fixed assets are depreciated over their useful lives and appear on the balance sheet as non-current assets.
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Financial Leverage
The use of borrowed funds to increase the potential return on investment. While leverage can amplify profits, it also magnifies…
Full Disclosure Principle
A key accounting concept that requires all significant information affecting financial statements to be clearly disclosed. This includes pendings lawsuits,…
Forensic Accounting
A specialized field that combines accounting, auditing, and investigative skills to detect fraud, embezzlement, or financial misconduct. Forensic accountants analyse…
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