Author: Bhuppi

If you’re starting your accounting journey, one of the best ways to build confidence is through simple, practical exercises. These exercises help you understand how concepts work in the real world, not just in textbooks. Here are some beginner-friendly practice tasks every accounting student should try—especially if you're preparing for AAT or starting out in [...]

When people think of accounting, they usually picture spreadsheets, calculators, and endless rows of numbers. But here’s the truth: being a great accountant takes more than just maths skills. In today’s world, employers are looking for accountants who can communicate, think critically, use modern tools, and solve real-world business problems. So, if you’re new to [...]

If you’re learning accounting or just getting started in the finance world, you’ve probably come across the terms IFRS and GAAP. They sound technical — and they are — but don’t worry. Once you understand the basics, it’s much simpler than it seems. This guide breaks down what IFRS and GAAP mean, how they differ, [...]

When people think about working in accounting, they often imagine years at university, studying for an accounting degree. But is that really the only way to start a career in accounting in the UK? The short answer is: no, you don’t always need a degree. Let’s break it down in simple terms. What an Accounting [...]

If you live or work in the UK, chances are you’ve come across the term HMRC. Whether it’s on your payslip, a tax return reminder, or even when claiming Child Benefit, HMRC has a hand in many parts of daily life. But what exactly is HMRC, and why is it so important? This beginner-friendly guide [...]

Understanding accruals and prepayments is essential in accounting, especially for businesses following the accrual basis of accounting. These concepts help ensure that financial statements accurately reflect a company’s financial position by aligning revenues and expenses with the periods they relate to, rather than when cash is exchanged. In this guide, we will explore the concepts [...]