What is Ifrs and Why are Global Economics Looking at One Accounting Standard?
What is IFRS?
International Financial Reporting Standards (IFRS) is a set of accounting standards, developed by the International Accounting Standards Board (IASB) that is becoming the global standard for the preparation of public company financial statements.
Register to read more...How Cost accounting serves to management process in an organization inside & how Cost Accounting is typically utilized
What is cost accounting?
Cost accounting consists of the identification, measurement, collection, analysis, preparation, and communication of financial information. Cost accounting, sometimes also referred to as managerial accounting, helps provide financial information used to:
I. Equip managers for decision-making
II. Improve a manager's ability to make decisions
III. Control and manage resources.
Register to read more...Net Profit beside Net Cash Flow
Net income is a great measure of the financial success of your core operations. It shows the extent to which your pricing and volume of activity compare to the expenses you incur to provide your product or service. Significantly, a company does not have to collect from its client in order to have revenues The majorities of organizations business owners are not know enough about the company's actual accounts positions,
Register to read more...The business budget guidelines
Introduction: Only budget is potential to create a comprehensive financial picture of a business's plans. The budget puts out, line by line in much the similar arrangement as the profit-and-loss account, the major foundations of income and expenditure for the period of the budget.
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