-
Corporate Accounting
What is the difference between a merger and a demerger?
A merger and a demerger are two different processes in corporate restructuring that involve the redistribution of assets, liabilities, and ownership of com
-
Corporate Accounting
What is the Swap Ratio?
A swap ratio is a term commonly used in mergers and acquisitions to determine the exchange ratio of shares between the acquiring and target companies. It i
-
Cost Accounting
How to Calculate Profit or Loss on Incomplete Contracts?
The profit or loss on incomplete contracts in cost accounting can be calculated using the percentage of completion method. This method recognizes profit or
-
Accounting Regulatory Bodies
The International Accounting Standards Board
Introduction The International Accounting Standards Board (IASB) is an independent, standard-setting organisation of the International Financial Reporting
-
Financial Accounting Concepts
What is the Meaning and Scope of Accounting
Meaning of Accounting Accounting, as an information system, is the process of identifying, measuring, and communicating an organization’s economic in
-
Financial Accounting Concepts
What is the Double Entry System of Book-Keeping?
Double entry system is a common bookkeeping system used in accounting. It is one of the oldest known bookkeeping systems and has existed since ancient time
-
Financial Accounting Concepts
What is Batch Costing? How is it Different From Job Costing?
Batch costing is a form of specific order costing in which costs are attributed to batches of products. A batch might also be called a ‘production r
-
Financial Accounting Concepts
5 ways to improve liquidity ratios
Liquidity ratios are crucial financial indicators that measure a company’s ability to meet short-term obligations. For business owners, maintaining h
-
Cost Accounting
What is a Cost Plus Contract?
Cost plus contract, which is also known as a cost-reimbursement contract, pays a contractor for all permitted expenses up to a predetermined limit plus an
-
Financial Accounting Concepts
Write a note on accounting for payroll
Accounting for payroll is a fundamental aspect of managing human resources and ensuring accurate financial records. This procedure entails keeping track of
