What does it mean by Q1?
Q1 means the first quarter of the year, composed of the first three months, including January, February, and March. Subsequent months after March fall in … Read more
What is External Auditing?
External audit refers to a review of financial statement by an independent auditor. In other words, it’s an inspection/examination of the numbers & facts stated … Read more
Accounting cycle (all you need to know)
Accounting cycle is a series of steps performed to generate financial statement for the business. Any error or omission in any of the stages has … Read more
What is the Cost of Sales in Accounting?
Cost of sales is a direct cost required to manufacture the product or sell the services. It’s shown right after net sales in the income … Read more
How to Get Free Laptops for Low-Income Families/Individuals?
There are two main ways to get a free laptops if your income falls in a low bracket income. These ways include, In this article, … Read more
Do Luxury Apartments Accept Section 8 Vouchers From HUD in the United States?
Yes, Luxury apartments accept Section 8 vouchers from HUD. This might be contrary to popular belief in society. However, that’s reality with some hidden aspects … Read more
Can I get a free iPhone/phone from Government in the United States of America
Yes, you can get iPhone from Government in the United States of America. It might sound like if that’s reality or not. That is reality, … Read more
Benefits of Section 8 voucher – (assistance for low-income families)
Following are some of the benefits for Section 8 voucher. 1-Enhanced life quality at the societal level Housing is one of the oldest problems faced … Read more
What is Section 8 Voucher and how it works?
Section 8 voucher carries the following attributes. How does Section 8 voucher work? When we speak about Section 8 voucher relief, there are three parties … Read more
Tips to manage small business finances
Here are some tips for managing small business finances. Create a budget and ensure itemized monitoring Making budget is an excellent tool to track your … Read more
What is performance appraisal (detailed aspects)
Performance appraisal is about formal review of an employee’s performance. Generally, this review is conducted annually and managers assess individual employee’s performance. This helps to … Read more
Personal finance tips for beginners
Congratulations you finally decided to start journey of personal finance management. However, please make sure to polish following attributes so as to become efficient finance … Read more
Best strategies to invest in real estate
There is no one best strategy to invest in real estate. It all depends on your financial goal, financial situation, risk tolerance, and what you … Read more
Statement of changes in equity (All you need to know)
This statement helps to understand the wealth of the company owner and how it has changed in the years under consideration. Mainly, there are three … Read more
Personal finance management! Still, thinking about it?
If you take care of your finance today, your finance will take care of you tomorrow! But the question arises, How to do it exactly? … Read more
Why accounting interview questions
Sometimes candidates may be asked question like ”Why you like accounting” By asking this question, interviewer wants to assess your interest in the subject. To … Read more
Why debt is a cheaper source of finance than equity?
It’s a fact that debt is a cheaper source of finance than equity on the following bases. Facts Detailed discussion Tax advantage The interest payment … Read more
What is the ECL model under IFRS-9?
ECL or expected credit loss model is applied to accounts receivables. In simple words, it’s a modern approach to expect provision and apply it to … Read more
Types of Auditors
An investigation, inquiry, or validation of accounting standards may all be carried out in the form of an audit. An auditor may be asked to … Read more
IAS 8 – Accounting Policies, Changes in Accounting Estimates and Errors
IAS 8 is about implementation of accounting policies, the accounting for changes in estimates, and the correction of prior period errors. The standard establishes rules … Read more