February 2007
Intermediate to advanced
288 pages
6h 32m
English
book
Crash Course in Accounting and Financial Statement Analysis, Second Edition
by Matan Feldman, Arkady Libman
Content preview from Crash Course in Accounting and Financial Statement Analysis, Second Edition
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Basic Principles Revisited: The Matching Principle and Depreciation
When a company purchases an asset (such as a manufacturing facility, an airplane, or a conveyer belt) that is expected to generate benefits over future periods, the cost of that asset is not simply recognized during the year it was acquired. Rather, the cost is spread over that particular asset’s useful life in order to match the timing of the cost of the asset with its expected revenue generation. This is the application of the matching principle of accrual accounting: Expenses (costs) are matched to the period when revenue is earned as a result of using the asset.
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I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.