How does Financial Accounting Work? The financial accounting procedure allows recording, summarizing, inspecting financial transactions of a business. The method of transactions is divided into a number of areas (branches of accounting) intently interlinked with each other. Financial Accounting is a process of dealing with the monetary facts of an enterprise in order to … [Read more...] about How does Financial Accounting Work?
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
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
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
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
Accountant Job Responsibilities Sample. This is the sample accountant job description that can help you in creating an application that will attract highly qualified candidates. To meet your specific requirements, feel free to change it as you want. You can also look at google on top blog posts then compare it with it to find more ideas for crafting the best … [Read more...] about Accountant Job Responsibilities Sample
Types of Business Entity. A business entity is an organization that sells a product or service, usually for making a profit. Different countries have different types of business entities. Most countries have similar types of business entities. There are three main types of profit-making business entities. Sole Traders Sole traders are people who work for themselves. … [Read more...] about Types of Business Entity