Audit Program for Vouching and verification of Transaction
Audit Program for Vouching and verification of Transaction: Program planning regarding the nature, extent, and timing of procedures is critical to audit efficiency and effectiveness.
Accounting
Periodicity Concept – all you need to know about
Periodicity Concept – According to this concept accounts should be prepared after every period & not at the end of the life of the entity. Usually
Employees Stock Option Plan (ESOP) – Vesting period, Perquisites
Employees Stock Option Plan (ESOP). Here we are providing complete details for ESOP (Employees Stock Option Plan). In this article you can find full details
AS 1 (Accounting Standard 1) – Disclosure of Accounting Policies
AS 1 – Disclosure of Accounting Policies. This Standard deals with the disclosure of significant accounting policies which are followed in preparing and presenting financial
Fairness and Accounting Fairness – A Detailed Analysis 2021
Fairness and Accounting Fairness: Some words, frequently used in accountancy, do not connote its etymological or philosophical meaning. This paper tries to find the gap between
Difference between Management Accounting and Financial Accounting
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
Various Types of Vouchers In Accounting, Various Voucher Types
Various Types of Vouchers In Accounting, Be it vouching or passing an entry or maintaining regular books of accounts, the knowledge of vouchers & its
Ind AS 7 – Statement of cash flows, Applicability, Scope, Objective
Ind AS 7 Statement of Cash Flows – Ind AS 7 prescribes principles and guidance on preparation and presentation of cash flows of an entity
Going Concern Concept – definition, explanation and examples
Going Concern Concept: The financial statements are normally prepared on the assumption that an enterprise is a going concern and will continue in operation for the
Branches of Accounting, Types of Accounting, Many Branches
Branches of Accounting: Accounting has universal application for recording transactions and events and presenting suitable information to aid decision-making regarding any type of economic activity ranging
Capital Structure Meaning: What is? & Types of Capital Structure
Capital Structure Meaning: What is Capital Structure? & Various Types of Capital Structure. When we plan to invest in a project, we also need to
Accounting Principles, Accounting Concepts and Conventions
Accounting Principles : Accounting is a language of the business. Financial statements prepared by the accountant communicate financial information to the various stakeholders for decision-making