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Cost Accounting
Comparison between Standard Costing and Budgetary Control
Standard costing and budgetary control are two commonly used tools in the field of cost management. These methods play a significant role in helping organizatio
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Tax Accounting
What is the Meaning of the Ad Valorem?
Ad valorem is a Latin phrase meaning “according to value.” In essence, it is used to describe a tax levied based on the value of the item being taxe
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Financial Accounting Concepts
What are non-current assets? Meaning and Examples
In simple terms, non-current assets are resources owned by a company that are not expected to be easily converted into cash within the next year. These assets a
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Financial Accounting Concepts
What is a joint venture? | Methods of Recording Transactions
A Joint Venture (JV) is a temporary form of business where two or more people join together to meet short-term objectives. It is quite similar to a Partnership
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Corporate Accounting
Liquidation of Companies | Meaning and Procedure
The liquidation of companies refers to the process of winding down operations and selling its assets to pay off its debts to external parties. It is essentially
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Financial Accounting Concepts
What is Business Entity Concept?
The business entity concept is a fundamental accounting principle that defines a business as a separate economic entity from its owners. This principle is cruci
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Financial Accounting Concepts
Meaning of Purchase Consideration [Amalgamation Accounting]
In business purchase accounting, the meaning of purchase consideration is the price that is paid for the acquisition of another company. This price can be paid
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Financial Accounting Concepts
Choosing the Best Accounting Books for Students
Some of the best accounting books that you can buy are books that will provide an overview and explain the basic concepts of the subject, such as the basics of
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Financial Management
What are Treasury Bills? | Duration of Issue
A Treasury bill, also known as a T-bill, is a short-term debt obligation issued by the U.S. Department of the Treasury. T-bills are considered to be one of the
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Financial Management
Write a short note on financial swaps
A financial swap is a derivative contract in which two parties agree to exchange cash flows based on a specified underlying asset or financial instrument. Finan