Financial Administration

When conducting analyses for the financial audit, it's essential to understand how financial administration works. How do general ledger accounts function? What do debit and credit mean? And what is the difference between the balance sheet and the income statement? We cover all of that here!

Basic Principles of Financial Administration

ADMINISTRATION

When exploring data analysis in auditing, it is, of course, useful to have some understanding of financial administration. That is why in this article, we look at the basics of financial administration and the principles of bookkeeping.

Balance Sheet and Profit & Loss Statement Explained

In this article, we discuss the balance sheet and the profit and loss statement. A simple explanation with examples covering assets, liabilities, profit, and expenses.