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Corporate Accounting
Benefits of Issuing Shares as Source of Capital
In the world of business, having access to sufficient capital is crucial for growth and expansion. However, traditional methods of raising capital, such as taki
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Financial Accounting Concepts
What are non-current assets? Meaning and Examples
In simple terms, non-current assets are resources owned by a company that are not expected to be easily converted into cash within the next year. These assets a
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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 is a financial agreement where two parties agree to exchange currencies at a predetermined rate on a future date. FECs allow individ
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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
The International Accounting Standards Board (IASB) is an independent, standard-setting organisation of the International Financial Reporting Standards Foundati
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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?
The Double Entry System of bookkeeping is an accounting method where every financial transaction is recorded in at least two accounts. In the double entry syste