Category Archives: Finance

How to become FRM, Financial Risk Management Course an Overview

How to become FRM, Financial Risk Management Course an Overview

How to become FRM, Financial Risk Management Course an Overview. The Financial Risk Manager (FRM) designation is the world’s most highly respected, certification for professionals who manage risk. Here we are providing all details for FRM Course like About the FRM Program, Roadmap of FRM Program etc. FRM Course is a Great Opportunity for getting […]

Human Resource Reporting – All you need to know about HRR

CAknowledge Financial Dictionary

Human Resource Reporting – Human beings are considered central to achievement of productivity, well above equipment, technology and money. Human Resource Reporting is an attempt to identify, quantify and report investments made in human resources of an organisation that are not presently accounted for under conventional accounting practice. Human Resource Reporting The necessity of Human […]

Beta – Calculation of Beta, Formula of Beta (Complete Details)

CAknowledge Financial Dictionary

Beta Definition – Beta is a relative measure of volatility that is determined by comparing the return on a share to the return on the stock market. In simple terms, greater the volatility more risky the share and higher the Beta. If a company is affected by the macroeconomic factors in the same way as […]

TDS – TDS Rates AY 2019-20, How to pay TDS, Consequences for Failure


TDS Rate Chart 2019-20 (Assessment Year) TDS (Tax Deducted at Source). Introduction of TDS. The concept of TDS was introduced with an aim to collect tax from the very source of income. As per this concept, a person (deductor) who is liable to make payment of specified nature to any other person (deductee) shall deduct […]

IFRS – What is IFRS?, Accounting principles and applicability of IFRS


What is IFRS? – Statements of International Accounting Standards issued by the Board of the International Accounting Standards Committee (IASC) (1973-2001) are designated as International Accounting Standards (IAS). However, the International Accounting Standards Board (IASB) announced in April 2001 that its Accounting Standards would be designated as ‘International Financial Reporting Standards’ (IFRS). IASB publishes its Standards […]

Contingent Asset – meaning, definition, explanation with examples

Contingent Asset

A contingent asset may be defined as a possible asset that arises from past events and whose existence will be confirmed only after occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the enterprise. It usually arises from unplanned or unexpected events that give rise to the possibility […]

Contingent Liability – meaning, definition, explanation with examples

Contingent Liability

A contingent liability is a possible obligation arising from past events and may arise in future depending on the occurrence or non-occurrence of one or more uncertain future events. A contingent liability may also be a present obligation that arises from past events. It represents a potential obligation that could be created depending on the […]

Deferred Revenue Expenditure – Meaning, Definition, Example

Deferred Revenue Expenditure

Deferred revenue expenditure is that expenditure for which payment has been made or a liability incurred but which is carried forward on the presumption that it will be of benefit over a subsequent period or periods. In short, it refers to that expenditure that is, for the time being, deferred from being charged against income. […]