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Notable quote: “Financial wholeness doesn’t stabilize just one aspect of your financial life but all aspects of your financial life.” 3. “The Little Book of Common Sense Investing: The ...
Best books on investing for beginners 1. The Only Investment Guide You’ll Ever Need, by Andrew Tobias. If you are truly just starting out in your investing journey, this book is a great place to ...
Financial accounting is a branch of accounting concerned with the summary, analysis and reporting of financial transactions related to a ... (i.e. book-keeping ...
The Intelligent Investor by Benjamin Graham, first published in 1949, is a widely acclaimed book on value investing. The book provides strategies on how to successfully use value investing in the stock market. Historically, the book has been one of the most popular books on investing and Graham's legacy remains.
The purpose of double-entry bookkeeping is to allow the detection of financial errors and fraud. For example, if a business takes out a bank loan for $10,000, recording the transaction in the bank's books would require a DEBIT of $10,000 to an asset account called "Loan Receivable", as well as a CREDIT of $10,000 to an asset account called "Cash".
Statement of Financial Accounting Standards No. 115, Accounting for Certain Investments in Debt and Equity Securities, commonly known as "FAS 115", is an accounting standard issued during May 1993 by the Financial Accounting Standards Board (FASB), which became effective for entities with fiscal years beginning after December 15, 1993. [8] [9]