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Financial Accounting Concepts
What are the final accounts? and how to prepare them?
After passing journal entries for events and transactions, posting them to ledgers, and preparing trial balances, the final step is to prepare final accounts. B
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Accounting Tools and Software
ERP Implementation Guidance for Management Accountants
ERP implementation refers to integrating an ERP system with various modules to improve financial data management, analysis, and decision-making. The ERP impleme
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Financial Management
What are the Differences between Future and Options?
Futures and options are both types of financial derivatives that allow traders to speculate on the future price of an underlying asset. However, there are some
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Cost Accounting
What is Material Cost Variance in Costing?
Material Cost Variance is the difference between the standard cost of the material allowed for the output and the actual cost of the material used. ICMS has def
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Financial Accounting Concepts
Choosing the Best Accounting Books for Students
Some of the best accounting books that you can buy are books that will provide an overview and explain the basic concepts of the subject, such as the basics of
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Cost Accounting
What is variance analysis and its usefulness?
Variance refers to the difference between the standard and actual variables. For example, you can calculate the selling price variance to find the difference be
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Financial Accounting Concepts
Net Present Value: Investment Appraisal Tool
What is the Net Present Value Method? Net present value is the total value of the expected future cash flows for a project or investment and deducts a return th
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Financial Accounting Concepts
What are Accounting Standards? | Benefits and Limitations
Accounting standards are a set of principles, rules and guidelines that companies must follow when preparing and presenting financial statements. In simple term
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Financial Accounting Concepts
The concept of accruals and prepayments
Accruals and prepayments stand on the basis of the double-entry bookkeeping system and modern financial accounting. Accruals/Prepayments The accruals concept is
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Financial Management
What is Financial Performance Measurement?
Financial Performance Measurement Financial performance measurement, also known as financial statement analysis, employs all available tools to demonstrate how