Financial Accounting in English: What is an "Account Receivable?"

When you sell products or services , you usually don't get cash right away. You sell on credit and, in financial accounting terminology, you book an "account receivable." Is an account receivable an asset, or a liability? Is it a contractual right, or a contractual obligation?

Business in English: What is "Operating Leverage?"

Does your business have a high degree - or a low degree - of "operating leverage?" How does the degree of operating leverage affect the potential profitability - and risk - of the business?

Legal English: How Are Trademarks Violated?

There are two ways to violate a trademark. Do you know what they are?

Balance Sheet Basics

Can the accounting equation be used to create a balance sheet? Yes. Here's how: