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Financial Management
What Are the Factors Governing Dividend Decisions?
Dividends are an essential aspect of a company’s financial strategy. It is the distribution of profits to shareholders, which can be in the form of cash o
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Financial Management
Meaning of Treasury Stock and Its Accounting Treatment
Treasury stock is the stock issued by the company and may later be reacquired by the company from its shareholders. The company may retire or cancel these stock
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Financial Accounting Concepts
Classification of Accounts in Bookkeeping
Bookkeeping is the basis of financial management. All business transactions must be systematically recorded and categorized in bookkeeping. Classification of ac
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Financial Accounting Concepts
How to Prepare Profit and Loss Account?
A profit and loss account, also known as the income statement or statement of revenues and expenses, is prepared to ascertain the profit earned or losses s
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Financial Accounting Concepts
What are Coverage Ratios – Meaning and Calculation
A coverage ratio is a common metric used in financial analysis that determines how much of a company’s assets are covered by its liabilities. This ratio c
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IND ASs
List of Indian Accounting Standards (IND ASs)
The Indian Accounting Standards (IND-AS) are a set of accounting standards notified by the Ministry of Corporate Affairs, Government of India. IND-AS are based
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IFRS
Why should India adopt IFRS? Potential Benefits Explained
IFRS (International Financial Reporting Standards) is a set of accounting principles that are used globally for financial reporting. The main objective of IFRS
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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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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 fleet. B
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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 accounting pri