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Financial Accounting Concepts
Difference Between Net Profit and Gross Profit
Profit is one of the most significant measures of a company’s financial well-being, but profits differ. Two critical metrics—gross profit and net profit—s
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Financial Accounting Concepts
Key Users of Financial Statements for Decision-Making
Financial statements are an essential source of financial information for a wide range of users and decision-makers. These statements provide a comprehensive ov
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Financial Accounting Concepts
What are capital structure ratios in accounting?
Capital structure ratios are financial assess company’s long-term financial stability and the proportion of debt and equity in its financing These ratios
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Cost Accounting
What is the FIFO Method of Inventory Control
The FIFO or First-In, First-Out inventory method is probably one of the most popular used by companies to manage their stocks. It lies on the rationale that the
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Financial Accounting Concepts
Financial Analysis of Sainsbury’s
Sainsbury’s is a British grocery store giant, the second biggest chain in the UK. Founded in 1869, it boasts a protracted record of providing groceries an
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Financial Management
Systematic and Unsystematic Risks in Finance
Risk is the probability of an individual or organization incurring a loss. Risk can be classified as market risk, credit risk, operational risk, liquidity risk,
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IFRS
Why should India adopt IFRS? Potential Benefits Explained
IFRS (International Financial Reporting Standards) is a set of accounting principles that are used globally for financial reporting. The main objective of IFRS
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Cost Accounting
What is Process Value Analysis? Meaning and Importance
Process value analysis is a systematic approach to identify, analyse and improve the value of specific processes within an organisation. Process Value Analysis&
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Cost Accounting
What is Direct Labour in Cost Accounting?
Direct labour is the cost of the labour used to produce a product or service. It includes all wages, salaries, and other forms of employee compensation, such as
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Cost Accounting
What are the Different Types of Cost Audit?
A cost audit is an independent examination of an organization’s cost accounting records and procedures. It is used to ensure that the organization is foll