What is book value in accounting?

Answer Book value is an asset's total cost minus the asset's accumulated depreciation over time. For instance, if you're the bookkeeper for a farm, in the general ledger account under "Tractor" you would ... Read More »

Top Q&A For: What is book value in accounting

When was the first accounting book published?

Luca Pacioli published the first accounting book in 1494 titled, "Summa de Arithmetica, Geometria, Proportioni et Proportionalita." The book is translated as, "Everything about Arithmetic, Geometry... Read More »

How have computerized accounting systems such as Quickbooks changed the way accounting is done?

Technology has greatly improved the way companies have conducted business over the past several decades. One of the best technological improvements is computerized accounting software, which helps ... Read More »

Can Financial Accounting Decisons Be Made Without Management Accounting?

Financial and management accounting coexist well in many firms. Both types of accounting can be integrated with the advent of the enterprise resource planning software (ERP), which connects both sy... Read More »

Differences Between College Accounting & Intermediate Accounting?

Accounting at the college level prepares students for a potential career. However, students should recognize the key differences between a college-level accounting curriculum and an intermediate le... Read More »