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Accounting Regulatory Bodies
What are the Various Functions of IASB?
Introduction to IASB International Accounting Standard Board (IASB) is an independent, private-sector body (previously known as IASC), based in London.…
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Accounting Regulatory Bodies
What are Various Objectives and Functions of FASB
FASB stands for Financial Accounting Standard Board. It was established by the Security and Exchange Act in 1973, as an…
Read More » Cuáles son las funciones de IASB
El Consejo de Normas Internacionales de Contabilidad (IASB) es un organismo independiente del sector privado (anteriormente conocido como IASC), con…
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Financial Accounting
What are the benefits of self-balancing systems
A self-balancing system is a special kind of bookkeeping. Some of the common benefits of self-balancing systems are as follows:…
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Corporate Accounting
The Infamous Enron Accounting Scandal
Enron accounting scandal is one of the landmark cases pertaining to accounting and auditing ethics practices. Enron collapsed after the…
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Cost Accounting
What are various types of sales variances in cost accounting
What is Sales Variance? Sales variance is the difference between the standard or expected revenue and the actual revenue. It…
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