Month: November 2020
- Forensic Accounting
The Importance of Forensic Accounting for an Organisation
Fraud and corruption have been the biggest challenge in the finance world. Forensic accounting helps uncover cases of financial fraud and irregularities. Forens
- Forensic Accounting
Why forensic accountants are in high demand?
The practice of forensic accounting involves the analysis of accounting information that has been generated by or obtained from the entity under investigation.
- Financial Management
What are American Depositary Receipts (ADR)?
American depositary receipts are financial instruments representing the value of a foreign company’s shares of stock that trade on an American stock exchange. A
- Corporate Accounting
Factors determining the dividend policy of a company
A dividend policy is a company’s guidelines strategy to decide how much money it will distribute as a dividend to its shareholders. It can be important fo
- Accounting Regulatory Bodies
What are IFRSs and Their impacts on accounting in Australia?
IFRS are internationally accepted accounting standards that companies around the world need to follow in preparing their accounts. An IFRS account reconciles th
- Cost Accounting
Difference between gross margin and contribution margin
Contribution margin vs gross margin; this is a matter of great confusion among many accounting students. Most of them think they both are the same. In this post
- Cost Accounting
What is unit cost and how to compute unit costs?
Unit Cost The unit cost (also known as unit price) of output (production) is an estimation of the total cost required to produce the output. The unit cost of th
- IFRS
IFRS Accounting for Revenue Recognition and Long-Term Contracts
Revenue recognition is a crucial aspect of financial reporting, as it provides stakeholders with insights into a company’s financial performance. To ensur
- Accounting Regulatory Bodies
The Role and Purpose of International Accounting Standards
International Accounting Standards (IAS) refers to a certain level of quality that should be adhered to while drawing financial statements. The older set of sta
- IFRS
The Pros and Cons of Adopting IFRS
International Financial Reporting Standards (IFRS) is a set of accounting standards developed by the International Accounting Standards Board. IFRS has been ado