Blog

Discover Speak Accounting, your go-to blog for simplifying accounting concepts, providing insights into finance, business, and economics, and making accounting easy to understand for everyone.

Accounting & Finance

How To Become An Accountant With No Experience?

Introduction to How To Become An Accountant With No Experience? Are you aspiring to build a rewarding career in…

IFRS

Navigating the World of IFRS: A Comprehensive Guide from IFRS 1 to IFRS 17

Introduction: Welcome to Speak Accounting, where we unravel the complexities of International Financial Reporting Standards (IFRS). In this blog…

Accounting & Finance

How to Record Journal Entries for Depreciation: With Examples

Learn how to record accurate journal entries for depreciation! This guide covers calculation methods, financial statement impact.

Accounting & Finance

Mastering Challenges: Solutions for Effective Letter of Credit Management

A letter of credit (LC) is a widely used instrument for trade finance, as it provides a guarantee of…

Accounting & Finance

Navigating Documentary Requirements in Letters of Credit Transactions

Letters of credit (LCs) are a prevalent method of payment for international trade, providing security and convenience to buyers…

Accounting & Finance

The Different Types of Letters of Credit: A Comprehensive Guide

Learn about the different types of letters of credit, how they work, and when to use them in international trade transactions.

Accounting & Finance

Standby Letters of Credit: A Safety Net for Businesses

Standby letters of credit are a safety net for businesses in trade. Learn what they are, how to get them, and how to use them in this blog post.

Accounting & Finance

In Detail: Anatomy of a Letter of Credit

Learn the anatomy of a letter of credit, a financial instrument that guarantees payment in international trade. Find out its components, types, pros, and cons.