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Corporate Accounting
What is the Buyback of Shares? Purpose and Benefits
Within finance and investing, companies employ many strategies and techniques to increase shareholder value and optimize capital structures. One such technique
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Financial Accounting Concepts
What is Receipts and Payments Account?
A receipts and payments account is a type of financial statement, summarizing all cash and bank transactions of an organisation for an accounting period. Althou
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IFRS
The Pros and Cons of Adopting IFRS
International Financial Reporting Standards (IFRS) is a set of accounting standards developed by the International Accounting Standards Board. IFRS has been ado
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Financial Management
What are American Depositary Receipts (ADR)?
An American Depositary Receipt represents shares in a foreign company traded on U.S. exchanges, for instance, the New York Stock Exchange. Every ADR represents
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Financial Accounting Concepts
What is the Double Entry System of Book-Keeping?
The Double Entry System of bookkeeping is an accounting method where every financial transaction is recorded in at least two accounts. In the double entry syste
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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 run’. A batch
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Financial Accounting Concepts
Differences between Lease and Hire Purchase
When purchasing assets for business or private purposes, two popular financing methods are leasing and hire purchase. Although both enable you to utilize an ass
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Financial Accounting Concepts
How to Prepare Profit and Loss Account?
A profit and loss account, also known as the income statement or statement of revenues and expenses, is prepared to ascertain the profit earned or losses s
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Financial Accounting Concepts
What is the Revenue Recognition Principle?
The revenue recognition principle directs a business to recognise revenue in the period in which it is earned; revenue is not considered earned until a product
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Financial Accounting Concepts
What Do Mean Sundry Debtors and Sundry Creditors?
Sundry debtors and sundry creditors are words frequently used in the business world. These phrases describe the sums of money that a company owes to its supplie