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By keeping a running total of the effects of transactions, the accounting equation provides a framework for summarizing the effects of a series of transactions.
Intangible Assets
Assets that do not have a physical presence but possess value, such as intellectual property, brand recognition, and patents.
Tangible Values
Values that can be quantified or measured, often related to physical assets or financial performance.
Corporate Governance
The framework of rules, practices, and processes by which a company is directed and controlled, ensuring accountability and fairness to stakeholders.
Ethics
A branch of philosophy that deals with questions about what is morally right and wrong, good and bad, fair and unfair.
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