Financial Accounting helps in keeping systematic records to ascertain the financial position and financial position of an entity. This is the most popular type of accounting.
Introduction I am asked a very common question: “What are some limitations of financial accounting?” The problem I often run into is that
Bank Reconciliation Statement A bank reconciliation statement is a document that reconciles the balances of a bank’s checking account with the b
Overview of IFRS 9 IFRS 9 is effective for annual periods beginning on or after 1 January 2018 with early application permitted. IFRS 9 specifies how
Scope IFRS 8 applies to the separate or individual financial statements of an entity (and to the consolidated financial statements of a group with a p
Overview IFRS 7 Financial Instruments: Disclosures require a business to disclose information on the financial instruments’ relevance to the ent
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