William Cooper

William Cooper Biography William Cooper was a famous accountant in England William Cooper was a famous accountant in England. His father was Emmanuel Cooper, who was the important man in London and he was also the Deputy Chairman of London & County Bank. William...

William Welch Deloitte

William Welch Deloitte Biography One of the most famous accountants in the world is William Welch Deloitte One of the most famous accountants in the world is William Welch Deloitte, born in London, England and strangely enough the founder of both Deloitte & Touche...

Fra Luca Pacioli

Fra Luca PacioliBiography Considered The Father of Accounting During the Italian Renaissance in Venice a man named Fra Luca Pacioli wrote a book titled “Summa”, explaining record keeping and double entry accounting. His book was not only one of the very first books...

Financial Statements Rounded

Why are the amounts on the financial statements rounded to thousands or millions? Different people may have different understanding about the definition of financial statements. According to some international accounting standards, the financial statements are...

Accounts Receivable

ACCOUNTS RECEIVABLE ENTRY GUIDE Journal entries for Accounts Receivable are an important part of a businesses accounting. Those items that have been sold yet payment has not been received for are recorded in the company’s accounts receivable. As the cash has not...