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Corporate Accounting
What are calls-in-arrear and calls-in-advance?
Calls-in-arrear and calls-in-advance are related to the share capital of a company and how shareholders contribute to it. Here’s a breakdown: Calls-in-arr
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Cost Accounting
What Are Direct Material Cost Variances?
Direct material cost variance refers to the difference between direct materials’ actual and standard costs. It is calculated using actual output. Direct m
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IFRS
IFRS 2 – Share-Based Payment | Meaning and Scope
IFRS 2 is a standard issued by the International Accounting Standards Board (IASB) that provides guidance on the accounting treatment for share-based payments.
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Corporate Accounting
What are zero coupon bonds and why do people invest in them?
What is a Bond? A bond is an obligation of a government, a company or an individual to pay a sum of money back to you at some time in the future, often with int
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Cost Accounting
Integrated Accounting System of Cost Accounting
Integrated accounting is defined by the Chartered Institute of Management Accountants (CIMA) as “a collection of accounting records that offers financial
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Financial Accounting Concepts
Differences Between General Reserves and Capital Reserves
Reserves are essential for strengthening a company’s financial situation. General reserves and capital reserves are two different kinds of reserves. Both
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Financial Management
What is Interest Rate Parity Theory (IRPT)?
Interest Rate Parity Theory (IRPT) is a concept in international finance that attempts to explain the relationship between exchange rates and interest rates. It
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Cost Accounting
Cost Accounting Quiz Challenge
1. What is the primary objective of cost accounting? a) Maximizing profits b) Reducing costs c) Providing financial reports d) Facilitating decision-making 2. W
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Financial Accounting Concepts
What are the Procedural Aspects of Accounting?
The recording of transactions through the creation of financial statements is a universal accounting procedure or procedural aspect of accounting. This procedur
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Financial Accounting Concepts
What Are the Differences between Bookkeeping and Accounting?
Bookkeeping vs Accounting Many people think that bookkeeping is the same as accounting. It’s not! There are some similarities, but there are many, many differen