Fund Flow Statement: Meaning, Objectives & Preparation Guide
Fund flow statement also called as statement of “source and application of funds” which provides insight into the movement of funds and useful to understand
Accounting
Cost of Capital – Introduction, Definition (All you want to know)
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
What is Net Salary, Concept of Net Salary and Gross Salary
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
Balance of payments (BOP) & Its components – With Definition
Balance of payments (BOP) & Its components. The term “balance of payments” includes all payments and obligations made to outside countries against all payments and
Cash Basis Vs Accrual Basis of Accounting – The difference
Cash Basis Vs Accrual Basis of Accounting, We all have heard about the cash basis & accrual basis of Accounting, but here we will do a
Accounting for Rectification of Errors – Classification, Suspense
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
Capital Structure – Meaning, Gearing, Factors for determining
Capital Structure: Find Capital Structure Definition and factors to be considered in its formulation process. In this article you can find complete details for Capital
What Is Debit Note and Credit Note – Complete Details
What Is Debit Note and Credit Note: here we are providing complete details for Debit Note and Credit Note. In this article you can find
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.
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
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
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
Difference between Capital Expenditure and Revenue Expenditure
Difference between Capital Expenditure and Revenue Expenditure: The following are the points of distinction between capital expenditure and revenue expenditure: The Revenue Expense relates to the
Accounting Equation: Formula of Accounting with Example
Accounting Equation: The accounting equation that is the foundation of double entry accounting. The accounting equation displays that all assets are either financed by borrowing money or paying with the money
Ind AS 21, The Effects of Changes in Foreign Exchange Rates
Ind AS 21, The Effects of Changes in Foreign Exchange Rates: An entity may carry on foreign activities in two ways. It may have transactions in
Ind AS 10, Events after the Reporting Period | Ind AS 10 Vs AS 4
Ind AS 10: It is impossible for any company to present the information on the same day, as the day of reporting. There would always
Capital Profit and Revenue Profit, (check out detailed difference)
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
Ind AS 40 Investment Property – Objective, Classification
Ind AS 40 Investment Property. The objective of IndAS 40 is to prescribe the accounting treatment for investment property and related disclosure requirements. Investment property
Ind AS 32, Financial Instruments: Presentation – In Detailed
Ind AS 32, Financial Instruments Presentation: The objective of Ind AS 32 is to establish principles for presenting financial instruments as liabilities or equity and for
Ind AS 8, Accounting Policies | Difference Ind AS 8 Vs AS 5
Ind AS 8, Accounting Policies, Changes in Accounting Estimates and Errors: Ind AS 8 specifies the criteria for selecting and changing accounting policies, together with
Ind AS 106, Exploration for and Evaluation of Mineral Resources
Ind AS 106, Exploration for and Evaluation of Mineral Resources: The objective of the Ind AS 106 is to specify the financial reporting for the exploration
Ind AS 108, Operating Segments | AS 17 vs Ind AS 108 (all detail)
Ind AS 108, Operating Segments: An entity shall disclose information to enable users of its financial statements to evaluate the nature and financial effects of the
Ind AS 20, Accounting for Government Grants, IndAS 20 Vs AS 12
Ind AS 20, Accounting for Government Grants and Disclosure of Government Assistance: This Standard shall be applied in accounting for, and in the disclosure of,
Sub Fields of Accounting, Types or branches of accounting 2021
Sub Fields of Accounting, Types or branches of accounting. Accounting is a system meant for measuring business activities, processing of information into reports and making