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Financial Accounting Concepts
What are various methods of valuation of goodwill?
Goodwill is valued based on the valuer’s assumptions. The methods used to value goodwill vary according to the facts of each case and are freque
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Cost Accounting and Cost Management
What are Direct Expenses in Costing?
A direct expense is an expenditure that can be easily traced back to a specific cost centre within a company. Direct expenses are also known as charge
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Cost Accounting and Cost Management
Direct Materials- Meaning and Examples
Direct Materials are those materials that can be identified in the product and can be conveniently measured directly charged to the product to the pro
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Financial Management | Corporate Accounting
Primary Market and Secondary Market
Primary and secondary markets are the forms of markets where financial instruments and created and traded respectively. What is a Primary Market? The
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Corporate Accounting
Treatment of Goodwill in a Business Purchase
Business Purchase When a limited company purchases another business, the amount that it pays is known as the purchase consideration. The purchase cons
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Financial Accounting Concepts
What is the Double Entry System of Book-Keeping?
Double-entry system is a common bookkeeping system used in accounting. It is one of the oldest known bookkeeping systems and has existed since ancient
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Financial Accounting Concepts
What Are Accounting Principles, Concepts and Conventions?
Accounting Principles Accounting is sometimes referred to as the business language since it is the means through which a firm interacts with the outsi
