Accounting

Ind AS 33, Earnings per Share : The objective of Ind AS 33 is to prescribe principles for the determination and presentation of earnings per share, so as to improve performance comparisons between different entities in the same…

An accrued liability is a current liability and it arises as a result of work performed and acknowledged by CSC but for which invoices are not yet due and for goods provided and services rendered for which an invoice has not yet been…

Balance of payments (BOP) & Its components. The term "balance of payments" includes all payments and obligations made to outside countries against all payments and obligations received from outside countries. It's a record of all…

Capital Profit and Revenue Profit: Capital profit which is earned on the sale of the fixed assets, The profit which is earned during the ordinary course of business is called revenue profit. Following are the main differences…

Rent Control Act has been enacted and implemented by all the State Governments to protect the legitimate rights of the tenants. Primarily it focuses on controlling the rent and protection of protect tenants from unauthorized eviction by…

The cost of capital is a term used in the field of financial investment to refer to the cost of a company's funds (both debt and equity), or, from an investor's point of view "the shareholder's required return on a portfolio of all the…

Accounting for Rectification of Errors , To err is human! So, it is obvious that while we are doing the accounting of an entity, we can make mistakes. But more important is to analyze & correct the mistakes. So here, we are…

Ind AS 110, Consolidated Financial Statements : The objective of Ind AS 110, is to establish principles for the presentation and preparation of consolidated financial statements when an entity controls one or more other…

Ind AS 116 sets out the principles for the recognition, measurement, presentation and disclosure of leases and faithful representation of the transactions by lessees and lessors. This information gives a basis for users of financial…

Difference between Management Accounting and Financial Accounting: Business is an economic activity undertaken with the motive of earning profits and to maximize the wealth for the owners. Business cannot run in isolation. Largely, the…

Maintaining Books of Accounts by Small Business Owners, Check Complete Requirement of Maintenance of Books of Accounts, also check Requirement to Maintain Books And Audit, What books of accounts are required to be maintained by…

What is Net Salary, Concept of Net Salary and Gross Salary. Calculation of Net Salary and Gross Salary. When we become professionals, most of us go for jobs. To be frank, our work profile is as important to us as our pay package is!…