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Financial Accounting Concepts
5 Types of Assets That Are Written Off At Some Point of Time
Asset write-offs are an integral part of financial accounting for businesses and organizations. They involve recognising and removing assets from the balance sh
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Corporate Accounting
What is a Forward Exchange Contract?
A Forward Exchange Contract (FEC) is a financial instrument designed to manage and mitigate foreign exchange risk. FECs allow individuals and businesses to lock
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Corporate Accounting
What is the difference between a merger and a demerger?
A merger and a demerger are two different processes in corporate restructuring that involve the redistribution of assets, liabilities, and ownership of companie
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Corporate Accounting
What is the Swap Ratio?
A swap ratio is a term commonly used in mergers and acquisitions to determine the exchange ratio of shares between the acquiring and target companies. It is ess
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Cost Accounting
How to Calculate Profit or Loss on Incomplete Contracts?
The profit or loss on incomplete contracts in cost accounting can be calculated using the percentage of completion method. This method recognizes profit or loss
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Accounting Regulatory Bodies
The International Accounting Standards Board
Introduction The International Accounting Standards Board (IASB) is an independent, standard-setting organisation of the International Financial Reporting Stand
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Financial Accounting Concepts
What is the Meaning and Scope of Accounting
Accounting is a fundamental aspect of any business, big or small. It involves the recording, analysis, and interpretation of financial information to make infor
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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 times. In
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Financial Accounting Concepts
What is Batch Costing? How is it Different From Job Costing?
Batch costing is a form of specific order costing in which costs are attributed to batches of products. A batch might also be called a ‘production run’. A batch
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Financial Accounting Concepts
5 ways to improve liquidity ratios
Liquidity ratios are crucial financial indicators that measure a company’s ability to meet short-term obligations. For business owners, maintaining health