Raj Maurya
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Financial Accounting Concepts
Treatment of Goodwill: IFRS v. GAAP
Goodwill is an intangible asset representing the future economic benefit arising from assets that are not recognised separately. It constitutes a
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Money and Investment
What are mutual funds loads? Meaning and Types
What are loads? A mutual fund load is a cash management fee that’s payable at the purchase or redemption of the fund’s shares. The total c
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Money and Investment
Helpful Tips For Getting Rid Of Debt
Introduction There are several things that anyone may do to alleviate some of their financial difficulties, and debt is one of them. But sooner or lat
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Financial Accounting Concepts
What is zero-based budgeting? Meaning and Explanation
Zero-based budgeting Zero-based budgeting (ZBB) is an accounting method that calculates every budget element from an initial zero point. This can seem
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Financial Accounting Concepts
IFRS 6 – Exploration for and Evaluation of Mineral Resources
Overview IFRS 6 Exploration for and Evaluation of Mineral Resources allows organisations adopting the standard for the first time to continue to apply
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IFRS
IFRS 5 – Non-current Assets Held for Sale and Discontinued Operations
IFRS-5 Standard is being developed, revised and adopted by the IASB to establish a framework for recognising and measuring the income of entities that
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Financial Accounting Concepts
Meaning and Objectives of Preparing Cash Flow Statement
Importance of Cash Cash is critical to a business’s economic life. A business requires cash to pay suppliers, incur daily expenses, and pay sala
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Financial Accounting Concepts
What are Ind-ASs and When They Are Applicable?
What is an Ind-AS? An IND-AS is an accounting standard prepared in India in compliance with IFRS. IND AS are currently tracked by all listed firms and
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Financial Accounting Concepts
IFRS 4 – Insurance Contracts, Scope and Applicability
Overview IFRS 4 is the IASB’s first advice on insurance contract accounting – but not the last. A detailed study of insurance contracts is
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Financial Accounting Concepts
What is Marginal Cost and Marginal Cost Equation
The marginal cost of an additional unit of output is often referred to as the “prime cost plus variable overhead.” It encompasses all cost
