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
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
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
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
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
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
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 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
International Accounting Standard IAS 10 comes into the part when an organization has to make post-reporting period modifications to the accounts it keeps; and the … Read more
IAS-2 (inventory valuation) is about calculating and recording the value of the inventory items. These inventory items include raw material, finished goods, and goods in … Read more
As the world becomes more digital and connected, so does our work. Scrum project management is a process that works well in this context. It … Read more
The audit report is prepared and issued by auditors at the end of audit fieldwork. It’s directed to shareholders of the company where auditors give … Read more
Integrated project management is an approach that uses various tools and techniques to streamline processes and make them more effective. Instead of working on several … Read more
‘’It helps teams stay focused on the big picture and break down a project into a series of smaller tasks’’. Every project has its unique … Read more
Agile project management involves incorporating the principles of agile software development into your day-to-day workflow. It’s not enough to just read about these principles; you … Read more
Despite their similarities, tax avoidance and evasion are not the same things. Avoiding taxes is not the same thing as evading taxes. The alternative approach … Read more
Before choosing an accounting approach for your business, you must know the primary differences between cash Vs accrual accounting. By recognizing their distinctions, you may … Read more
Accounting accuracy is the foundation of organizational stability and development and that is why an accountant needs to know the difference between the General ledgers … Read more
Cost concept of accounting records assets at their respective cash values at the time of acquisition or purchase. The recorded value of the assets cannot … Read more
Expenditure, invoicing, and revenue are only some of the elements at the foundation of project accounting, which is a subset of general accounting. Project administrators … Read more
The accounting principle known as “time period assumption” says that time needs to be divided into distinct, consecutive periods and that accounting transactions can be … Read more