History 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 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.
Capital 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
Read moreNet Present Value
NPV Net present value is the most used technique of capital investment appraisal. In simple terms, net present value is
Read moreVolkswagen Scandal – An Accounting Perspective
Introduction Every public organisation is required to be accountable for its operations not only from financial but also social and
Read morePerpetual Inventory System
In a perpetual inventory system, companies keep detailed records of the cost of each inventory purchase and sale. These records continuously—perpetually—show the
Read moreLiquidity Ratios
Liquidity ratios measure the short term financial solvency of a business. Typically the banks and different monetary establishments have an interest
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