The Crowdfunding Phenomenon

The Crowdfunding Phenomenon

In today’s day and age, technology has made the world a lot smaller. The internet and the evolution of social media has made people closer together. Bits and pixels transporting various information from cute kittens to world changing election results. This...
Anatomy of an Income Statement

Anatomy of an Income Statement

An income statement or what is most commonly called now as the Statement of Comprehensive Income, displays a company’s earnings and expenses during a given period. This is usually released on a quarterly and annual basis by publicly traded companies....
Accrual Accounting Made Easy

Accrual Accounting Made Easy

You often read the word accrual when analyzing financial statements. For accountancy students, this word is a real prick. Often used to confuse you in otherwise simple problems. So what is accrual anyway? The concept of accrual states that INCOME is recorded when...
5 Biggest Financial Scams

5 Biggest Financial Scams

Humanity has the natural tendency to try to outwit the system. We try to get advantage over others and get rich at their expense. Some however, have taken this to the next level. Here are 5 of the biggest financial scams in history: ROMAN EMPIRE MUTINY   Way back...
5 Ways to Spot an Investment Scam

5 Ways to Spot an Investment Scam

There have been a lot of news lately about people losing thousands or even millions to investment scams. The sad reality is that a lot of Filipinos still fall for their “get-rich quick” schemes. Filing cases against them is mostly futile. The scammers have...