IFRS Standard & Interpretation Updates
Financial statement considerations in adopting new and revised pronouncements Where new and revised pronouncements are applied for the first time, there can be consequential…
Category: Finance & Accounting
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Introduction – The Accounting Equation
From the large, multi-national corporation down to the corner beauty salon, every business transaction will have an effect on a company’s financial position. The…
Simple Steps to learn Accounting for Balance Sheet Preparation
Learn how simple Balance Sheet Preparation is, you will easily understand logic behind this with this Image presentation posted below: The Accounting Equation is…
How to determine product costing for manufacturing company
Product costing is a crucial aspect of managing a manufacturing concern, as it allows businesses to determine the total cost of producing a product….
How to use Spell number Function in excel
The “spell number” function is a tool used by accountants and finance professionals to convert numerical values into their written word form. This function…
SFAS 78 With Summary
SUMMARY OF STATEMENT NO. 78CLASSIFICATION OF OBLIGATIONS THAT ARE CALLABLE BY THE CREDITOR—AN AMENDMENT OF ARB NO. 43, CHAPTER 3A (ISSUED 12/83)SummaryThis Statement amends…
Generally Accepted Accounting Principles
It is important that you understand the concepts of Generally Accepted Accounting Principles (GAAP), which form the basis of accounting and are part of…