Tag: principles

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 financial position of a company is measured by the following items:

event_note account_box Rohitashva Singhvimore_vert
close

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 financial position of a company is measured by the following items:

folder_open Accounting, Balance Sheet, finance, Principles, Reporting
Read more

Learn and understand how to easily perform a break even analysis

The break-even point (BEP) in economics, business—and specifically cost accounting—is the point at which total cost and total revenue are equal. There is no net loss or gain, and one has “broken even,” though opportunity costs have been paid and capital has

event_note account_box Rohitashva Singhvimore_vert
close

The break-even point (BEP) in economics, business—and specifically cost accounting—is the point at which total cost and total revenue are equal. There is no net loss or gain, and one has “broken even,” though opportunity costs have been paid and capital has

folder_open Accounting, Balance Sheet, costing, finance, Principles, Reporting
Read more

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 impacts on annual financial statements, including: Updates to accounting policies. The

event_note account_box Rohitashva Singhvimore_vert
close

Financial statement considerations in adopting new and revised pronouncements Where new and revised pronouncements are applied for the first time, there can be consequential impacts on annual financial statements, including: Updates to accounting policies. The

folder_open Accounting, Balance Sheet, finance, IFRS, Principles, Reporting
Read more

Brief Overview of IFRS & How it’s different from US GAAP

“What’s the fuss over IFRS?”  Providing a brief overview of the transition to adoption of IFRS and convergence with US GAAP. While we realize that IFRS will become a future reality, the question lingered regarding

event_note account_box Rohitashva Singhvimore_vert
close

“What’s the fuss over IFRS?”  Providing a brief overview of the transition to adoption of IFRS and convergence with US GAAP. While we realize that IFRS will become a future reality, the question lingered regarding

folder_open Accounting, Balance Sheet, finance, GAAP, IFRS, Principles, Reporting
Read more

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 ARB No. 43, Chapter 3A, “Current Assets and Current Liabilities,” to

event_note account_box Rohitashva Singhvimore_vert
close

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 ARB No. 43, Chapter 3A, “Current Assets and Current Liabilities,” to

folder_open Accounting, Balance Sheet, Principles, SFAS 78
Read more

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 the language of accounting and business. Third parties who invest in

event_note account_box Rohitashva Singhvimore_vert
close

It is important that you understand the concepts of Generally Accepted Accounting Principles (GAAP), which form the basis of accounting and are part of the language of accounting and business. Third parties who invest in

folder_open Accounting, GAAP, Principles
Read more