The qualitative characteristics of financial information
In order for the financial statements to be useful to the stakeholders of a business they must embody certain qualitative
Read moreFinancial Accounting
Financial Accounting helps in keeping systematic records to ascertain financial position and financial position of an entity. These records form the fundamentals for the accounting for decision purpose.
Accountancy is not just about numbers anymore, it is integral to the success of many modern businesses. The fast moving and diverse nature of business operations means accountants are involved in exciting and dynamic decisions on a daily basis and communicate with a wide range of stakeholders. Modern accountants also have up to date knowledge and experience of contemporary accounting information systems.
Characteristics of an Effective Financial Reporting Framework
Any effective financial reporting system needs to be a coherent one (i.e., a framework in which all the pieces fit
Read moreWhat is joint venture ? Explain various methods of recording the joint venture transaction. Give entries in each case
Joint Venture (JV) is a temporary form of business, where two or more persons join together to meet the short
Read moreIGNOU ECO – 02: Accountancy-I 2018-19 Solved Assignment
TUTOR MARKED ASSIGNMENT Course Code : ECO – 02 Course Title : Accountancy-I Assignment Code : ECO – 02/TMA/2018-19 Maximum
Read moreBad and doubtful debts
When you are preparing the financial statements for a business, you will frequently find reference to bad and doubtful debts.
Read moreMyth about depreciation
It is most important to realise that the depreciation concept is not designed to provide a means or method to
Read moreAudit, Assurance and Compliance – A case study of BHP Billiton
Executive Summary The report has provided an insight into the annual report of BHP Billiton for the assessing, analysing and
Read moreECO – 14: Accountancy – II – Solved IGNOU Assignment 2017-18
Question 1. Explain the different system of maintaining the accounts of a dependent branch. How profit is ascertained under each
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Perpetual Inventory System
What is Perpetual Inventory System? A company using a perpetual inventory system keeps a continuous record of the physical quantities
Read moreWhat is Process Value Analysis
Process Value Analysis Process value analysis (PVA) is a technique that managers use to identify and link all the activities
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