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Corporate Accounting
The Infamous Enron Accounting Scandal
In the late 1990s, Enron was one of the largest companies in the United States. It was an energy company with a high-flying stock price and a reputation fo
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Financial Accounting Concepts
The Meaning of Consignment Accounting
Consignment refers to selling the goods manufactured by a company through an agent. This sales method is especially popular among businesses located abroad
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Financial Accounting Concepts
What are various methods of valuation of goodwill?
Goodwill is an intangible asset that represents the value of a business’s reputation, customer base, brand recognition, and other non-physical assets
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Cost Accounting
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 chargeable
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Cost Accounting
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 product.
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Financial Management
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 prima
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Corporate Accounting
Treatment of Goodwill in a Business Purchase
When acquiring a business, it’s important to consider the value of its goodwill. Goodwill represents the intangible assets of a business, such as its
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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 time
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Financial Accounting Concepts
What Are Accounting Principles, Concepts and Conventions?
Accounting is a fundamental aspect of running a business. It involves recording, analyzing, and interpreting financial transactions to provide an accurate
