Bookkeeper Job Description and Duties. Considering several case studies, it can be said that bookkeepers are the final game-changer. He/she can turn around the company through perfect bookkeeping records. Bookkeepers are invaluable assets who are responsible for ensuring day-to-day. Those companies that have weak bookkeeping staff cannot maintain a competitive advantage and … [Read more...] about Bookkeeper Job Description and Duties
What Is Cash Flow Statement? Before 1988, the Cash flow Statement was not regarded as an integral part of the Financial Statements. Rather, it was prepared as an additional statement to Financial Statements. At that time sources of quick assets and the use of these were shown in this statement and the nomenclature of this statement, as per IAS, was “Statement of Changes in … [Read more...] about What Is Cash Flow Statement?
What Is Ratio Analysis? Before discussing ratio analysis, it is wise to clarify the term ratio. what is the ratio? Ratios can be found out by dividing one number by another number. The ratio shows how one number is related to another. It may be expressed in the form of co-efficient, percentage, proportion, or ratio. What Is Ratio Analysis? Some Scholars Definition: … [Read more...] about What Is Ratio Analysis? Classification and Advantages
The Rule of law | Explained Definition and Benefits. The Rule of law. In earlier times certain classes and individuals possessed special privileges and were judged by a special law. The modem view is to apply the same law over all persons in the State and to give all persons equal rights and privileges for the protection of their human liberties. Democracy can remain only in … [Read more...] about The Rule of law | Explained Definition and Benefits
IAS 16 Property Plant and Equipment. Objective: This Standard deals with the accounting treatment of Property, Plant & Equipment including the guidance for the main issues related to the recognition & measurement, determination of carrying value, depreciation charges, any impairment loss, and derecognition aspects for the property, plant & equipment in the … [Read more...] about IAS 16 Property Plant and Equipment
7 Tips To Create a Successful Marketing Plan For New Product. Marketing is known to be one of the most important activities for any business to market any new product or service. If you’re launching a new product to the market, it’s necessary to create a strong market plan to make a product take off quickly. Coming up with a new product is a lot of work which usually doesn’t … [Read more...] about 7 Tips To Create a Successful Marketing Plan For New Product
What Is the Law of Agency with Example? What Is the Law of Agency with Example? The law of agency is a branch of commercial law. It deals with a set of contractual, quasi-contractual, and non-contractual fiduciary relationships. Also, it involves a person called the agent. The agent is authorized to act on behalf of another (called the principal) to create legal relations with … [Read more...] about What Is the Law of Agency with Example?
Users of Financial Information. The following people are likely to be interested in financial information about a large company with listed shares. Users of Financial Information.Photo Credit Users of Financial Information Managers/Directors Managers/Directors appointed by the company's owners to supervise the day-to-day activities of the company. They … [Read more...] about Users of Financial Information
What is Finance According to Different Authors? Finance can be defined as the art and science of managing money. Virtually all individuals and organizations earn or raise money and spend or invest money. What is Finance According to Different Authors? What is Finance According to Different Authors? Scholar's View According to Lawrance. J. Gitman, "Finance is … [Read more...] about What is Finance According to Different Authors?
Definition of Tax by Different Authors. The term ’tax' has been derived from the French word 'taxe' and etymologically, the Latin word 'taxare' in related to the term 'tax', which means 'to charge‘. Tax is a contribution exacted by the state. It a non-penal but compulsory and unrequited transfer of resources from the private to the public sector, levied on the basis of … [Read more...] about Definition of Tax by Different Authors