Accounting & Business Finance

Discover the latest in accounting and business finance, including software reviews, tips, news and how-to advice. You’ll find popular reviews of financial software products such as Quickbooks, Quicken, Turbo Tax, Microsoft Money and more. Interested in financing options for a variety of business needs? You’ll discover FAQs on financial terms, and tips on the latest financial trends. Follow finance news? Discover accounting articles on a variety of business topics affecting your livelihood. Join the accounting community at Bright Hub and let us know what you’d like to see here! We look forward to building this channel with you!

Asset or Liability? Test Your Accounting Knowledge With This Quick Quiz

Lost on assets and liabilities? Actress Mae West once said, “Brains are an asset to the woman in love who’s smart enough to hide ‘em.” While you don’t want to hide your assets or liabilities on your balance sheet, this quiz will test your knowledge on how well you know the difference.

An Explanantion of the Absolute Priority Rule

If a company were to go bust, how would its limited assets repay its sundry liabilities? Would those who happen to be at the right place at the right time walk away with what remains leaving others in the lurch? The absolute priority rule (APR) lends order to what happens when a company liquidates.