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Financial Management
What are American Depositary Receipts (ADR)?
An American Depositary Receipt represents shares in a foreign company traded on U.S. exchanges, for instance, the New York Stock Exchange. Every ADR represents
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Corporate Accounting
Factors determining the dividend policy of a company
A dividend policy is a company’s guidelines strategy to decide how much money it will distribute as a dividend to its shareholders. It can be important fo
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Accounting Regulatory Bodies
What are IFRSs and Their impacts on accounting in Australia?
IFRS are internationally accepted accounting standards that companies around the world need to follow in preparing their accounts. An IFRS account reconciles th
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Cost Accounting
Difference between gross margin and contribution margin
Contribution margin vs gross margin; this is a matter of great confusion among many accounting students. Most of them think they both are the same. In this post
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Cost Accounting
What is unit cost and how to compute unit costs?
Unit Cost The unit cost (also known as unit price) of output (production) is an estimation of the total cost required to produce the output. The unit cost of th
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IFRS
IFRS Accounting for Revenue Recognition and Long-Term Contracts
Revenue recognition is a crucial aspect of financial reporting, as it provides stakeholders with insights into a company’s financial performance. To ensur
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Accounting Regulatory Bodies
The Role and Purpose of International Accounting Standards
International Accounting Standards (IAS) offer a standardized framework for the preparation and presentation of financial statements. The standards ensure that
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IFRS
The Pros and Cons of Adopting IFRS
International Financial Reporting Standards (IFRS) is a set of accounting standards developed by the International Accounting Standards Board. IFRS has been ado
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Cost Accounting
Relevant Costs – Meaning and Pitfalls
Relevant costs are those expected future costs that vary under various alternatives. These are the costs that are affected due to decision-making. Non-recogniti
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Cost Accounting
What are the Flaws in Traditional Costing System
A traditional costing system is an accounting approach used to assess the cost of producing products in order to generate a profit. The traditional allocation m