Showing Articles for : Account
Representation of Economic Reality in Accounting
Introduction According to Solomon (1991) “If accounting is to retain any credibility and without credibility it is worthless – Its guiding light must be neutrality in Financial Reporting”. Process of risk management via accounting is very important aspect for entity as it is crucial for sustainability in the market. Risk measurement is internal aspect where … Continue reading Representation of Economic Reality in Accounting
Read more 11145 Views Leave a commentAnalysis of Profitability, Efficiency, Liquidity and Financial Gearing Ratios
Executive Summary: Bega Cheese Limited is a company which have multiple brands to sell the dairy products but the company is been potentially influence to sell the products of cheese and further the company is also been engage in finding out the actual benchmark in relation to the industry. Though the company has many option … Continue reading Analysis of Profitability, Efficiency, Liquidity and Financial Gearing Ratios
Read more 13004 Views Leave a commentHow to Determine Dividend Policy of a Company
Dividend Policy Company Information: The Company Wilmar International Limited is the Asia’s leading agribusiness group, and has been ranked in the largest listed companies in Singapore Exchange in terms of market capitalization. Company operates at a large scale by producing the product like Oil Plam cultivation, Crushing, edible oils etc., Company has its 400+ subsidiary, … Continue reading How to Determine Dividend Policy of a Company
Read more 6122 Views Leave a commentHow AASB change Accounting Standard
Executive Summary This paper explores about how the accounting standard changes over time, and who are held responsible to make changes to these standards and on what norms. This paper extends its discussion on accounting standard changes with respect to relevant industry requirement and accounting aspects relevant to domestic and international accounting standards and incorporate … Continue reading How AASB change Accounting Standard
Read more 6512 Views Leave a commentAn Overview on Partnership
Purview: A Partnership is an agreement in which two or more individual share the profits and liabilities of a business venture. The partners in a partnership may be individuals, business, interest based organizations, schools, governments or combinations. Various arrangements are possible: All partners might share liabilities and profits equally, or some partners may have limited … Continue reading An Overview on Partnership
Read more 3904 Views Leave a commentBook-keeping – A process
Purview : Book Keeping is the recording of financial transactions and is part of the process of accounting in business transactions which includes purchases, sales, receipts and payments by an individual person or an organization/corporation. There are several standard methods of book keeping, such as the single-entry and the double-entry book keeping system, but while … Continue reading Book-keeping – A process
Read more 3993 Views Leave a commentOpinion on Non-Integrated Accounting System
Purview : Financial Accounting only shows the monetary aspects of every business transactions. When you purchase hundreds of items, you record only one debit “Purchase” Account without any mention of quantities involved. Similarly you sell different items and record under one credit “Sales” Account, again without mentioning quantities involved. Consequently, Financial Accounts fails to … Continue reading Opinion on Non-Integrated Accounting System
Read more 10236 Views Leave a commentAn Overview on Green Accounting
Meaning : Green Accounting often known as environmental accounting is the accounting that permits computation of income of nation by taking into account the economic damage and depletion in the natural resource. It motivates adoption of methods that do not hamper the environment while balancing the performance. In short, Green accounting includes environmental cost into … Continue reading An Overview on Green Accounting
Read more 4282 Views Leave a commentWhat is Forensic Accounting & Auditing
Contents: Introduction What is a Fraud Need of Forensic Accounting & Auditing Objectives Forensic Accounting V/s Forensic Auditing Applications: Cyber World Banks Conclusions INTRODUCTION Forensic accounting and auditing is the specialized field of accounting that investigates fraud and analyze financial information to be used in legal proceeding. “Forensic” refers to “suitable for use in … Continue reading What is Forensic Accounting & Auditing
Read more 5847 Views Leave a commentSchedule II of Companies Act, 2013
Introduction As per Companies Act 2013, Depreciation on Fixed Asset as per Schedule-II of the said act, will operate from 01/04/2014 vide MCA notification no S.O.902(E) dated 26/03/2014. As now there is more humour about the change in Accounting Standards i.e. to operate International Accounting Standard into Indian Accounting Standards, a company needs to change in various of … Continue reading Schedule II of Companies Act, 2013
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