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Financial Accounting Concepts
What does mean reporting period in accounting
The reporting period, also known as the accounting period, refers to the specific timeframe for which a company’s financial performance and position are m
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Financial Accounting Concepts
What is Meant By Impairment of Assets
In simple terms, an impaired asset is one whose market value has fallen below its value listed on the company’s balance sheet. Think of it as a valuable p
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Tax Accounting
What is Securities Transaction Tax (STT)?
STT can be defined as a tax imposed on the purchase and sale of securities in the financial markets. Its primary role is to regulate and monitor securities tran
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Financial Accounting Concepts
Indirect Method of Preparing Cash-Flow Statement
A cash flow statement is a crucial financial statement that provides insights into a company’s liquidity and its ability to generate cash. When it comes t
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Financial Accounting Concepts
What is the Capital Adequacy Ratio?
In finance, stability is a key determinant for keeping the public trust and economic activities smooth. One of the critical measures that regulators and banks r
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Corporate Accounting
What is Asset Management?
Asset management is a systematic process of developing, maintaining and selling assets to maximize their value and achieve organizational goals. The process inv
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Corporate Accounting
Fintech: disruptive technologies transforming financial services
Fintech, an abbreviation for financial technology, is a term that encompasses the use of technology to deliver innovative and transformative financial services.
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Corporate Accounting
5 Important Types of Technical Analysis
Technical analysis serves as a vital tool in financial markets, providing investors with valuable insights to guide their decision-making process. Among the num
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Cost Accounting
What is Production Volume Variance?
Production volume variance is a measure of the difference between the actual cost of producing a certain number of units of output and the budgeted cost of prod
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Financial Accounting Concepts
What Are Joint Products and By-Products?
In cost accounting, joint products and by-products are two types of products that are produced from the same manufacturing process. Joint Products Joint product