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Financial Accounting Concepts
What are the Various Subfields of Accounting?
Accounting extends far beyond the preparation of financial statements. At its core, it embodies a systematic approach to capturing, recording and analyzing fina
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Financial Accounting Concepts
What is Financial Statement Analysis?
The term ‘financial statement analysis‘ refers to determining the firm’s financial position by reviewing and analysing the balance sheet items, profits an
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Tax Accounting
What is Securities Transaction Tax (STT)?
STT can be defined as a tax imposed on the purchase and sale of securities in the financial markets. Its primary role is to regulate and monitor securities tran
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Financial Accounting Concepts
Indirect Method of Preparing Cash-Flow Statement
A cash flow statement is a crucial financial statement that provides insights into a company’s liquidity and its ability to generate cash. When it comes t
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Financial Accounting Concepts
What is the Difference Between Cost and Financial Accounting?
Financial accounting and cost accounting are two different types of accounting that are used to track and report the financial performance of a business. While
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Corporate Accounting
What are the benefits of business valuation?
Business Valuation A business valuation is a method for determining the value of a company and its assets. When deciding to sell their firm, the vast majority o
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Cost Accounting
What is the Just-in-Time Inventory System
The just-in-time inventory system is a method of stock control that involves a systematic approach to keeping accurate records of all the stock and inventory. A
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Financial Accounting Concepts
What Are Valuation Principles in Accounting?
Valuation refers to determining the fair value of an entity’s assets or liabilities, which is crucial in assessing its overall worth. Valuation principles
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Corporate Accounting
Treatment of Goodwill in a Business Purchase
The treatment of goodwill in a business purchase is a crucial aspect that can impact the overall financial picture and success of the transaction. Goodwill repr
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Accounting Regulatory Bodies
The Sarbanes-Oxley Act of 2002 | Accounting and Ethics
The Sarbanes-Oxley Act of 2002 is a significant legislation aimed at increasing accountability and transparency in U.S. corporations. It was implemented in resp