Ratios are mechanical and incomplete
Ratios are basically figures that represent an element’s value in terms of the other. These are one of the most
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.
Chart of Accounts
The Chart of Accounts is a classified list of all the ledger accounts in an organisation. The accounts are usually classified
Read moreThe development of accounting thought – Luca Pacioli
History of Double Entry System Accounting has a long history. Archaeologists continue to be interested, for example, in ancient Mesopotamia and
Read morethe relationship between the AASB and the FRC, AUASB, ASIC, APRA, ASX
The FRC provides broad oversight of the process for setting accounting standards in Australia. The FRC appoints the members of the AASB,
Read moreHistory of accounting standard-setting in Australia
Accounting standards in Australia were initially developed by the professional accounting bodies and were enforceable under their codes of ethics.
Read moreCapital Structure Ratios
Capital structure ratios are also known as leverage ratios. Capital structure ratios may be defined as those financial ratios which
Read moreDeleting a bill in QuickBooks Online
Deleting a bill in QuickBooks Online For a new user it may be difficult finding how to delete an invoice.
Read moreNPV Calculation Example
NPV Calculation Example Watson manufacturing has an opportunity to invest $96,000 in a new machine. The new machine will result
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Accounting in Tourism and Hospitality Organisations
Compare and contrast financial and management accounting practices deployed within tourism and hospitality organisations To begin with, management accounting helps
Read moreFinancial Analysis of Sainsbury’s – An Example of Financial Analysis
Introduction Sainsbury is incorporated in the United Kingdom and is listed on the London Stock exchange. It is a public
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