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IFRS
Why should India adopt IFRS?
IFRS (International Financial Reporting Standards) is a set of accounting principles that are used globally for financial reporting. The main objective of
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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 shee
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Financial Management
Tips to Consider While Buying Used Tow Trucks for Your Business
There are so many tow trucks available on the market. Therefore, it is challenging for business owners to select the types that will greatly impact the fle
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Accounting Regulatory Bodies
What are the Various Objectives and Functions of FASB?
The Financial Accounting Standard Board (FASB) was founded in 1973 as an independent, private-sector, not-for-profit organisation. It establishes accountin
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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
Thus, these materials directly enter production and form a part of the finished product. For example, timber in furniture, cloth in dressmaking and bricks
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Financial Management
Primary Market and Secondary Market
In order to make it easier to buy and sell securities, the primary market and secondary market are two crucial elements of the financial ecosystem. Althoug
