What Do We Mean By Share Capital?

##IMAGE_HERE##A corporation’s share capital or capital stock (in US English) is the portion of a corporation’s equity that has been obtained by the issue of shares in the corporation to a shareholder, usually for cash. “Share capital” may also denote the number and types of shares that compose a corporation’s share structure. In a strict […]

The Concept Of Social Accounting And Its Benefits To Society

Image by/from WikiMedia Commons Social accounting (also known as social accounting and auditing, social accountability, social and environmental accounting, corporate social reporting, corporate social responsibility reporting, non-financial reporting or accounting) is the process of communicating the social and environmental effects of organizations’ economic actions to particular interest groups within society and to society at large. […]

What Is A Trial Balance And What Is It Used For

Image by/from RaphaelQS A trial balance is a list of all the general ledger accounts (both revenue and capital) contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance […]

Time-tracking Software, Uses And Benefits

Time-tracking software is a category of computer software that allows its employees to record time spent on tasks or projects. The software is used in many industries, including those who employee freelancers and hourly workers. It is also used by professionals who bill their customers by the hour. These include lawyers, freelancers and accountants. The […]

Triple bottom line

Image by/from WikiMedia Commons The triple bottom line (or otherwise noted as TBL or 3BL) is an accounting framework with three parts: social, environmental (or ecological) and financial. Some organizations have adopted the TBL framework to evaluate their performance in a broader perspective to create greater business value. Business writer John Elkington claims to have […]