-
Financial Accounting
Why internal control is necessary for accounting system
Internal Control Procedures Companies are required to put in place internal control procedures in order to preserve their assets, guarantee the accuracy an
Read More » -
Cost Accounting
Pros and Cons of the Traditional Method of Calculating Overhead
Traditional Method of Calculating Overhead The traditional allocation system assigns manufacturing overhead based on a single cost driver, such as direct l
Read More » -
Financial Management
Fundamental of Annuities – Meaning and Types
What is an Annuity? An annuity is a continuous stream of equal periodic payments from one party to another for a certain length of time in order to satisfy
Read More » -
Financial Management
Treasury Bills and Commercial Paper Explained
Treasury Bills: The Basics Treasury bills, often known as T-bills, are short-term financial securities issued by both the federal and provincial government
Read More » -
Financial Accounting
What is the Revenue Recognition Principle?
Revenue Recognition Principle The revenue recognition principle directs a business to recognise revenue in the period in which it is earned; revenue is not
Read More »
