With the right major areas of financing, companies can invest in new projects, which help expand their business and increase profits.
Wealth maximization is the process of increasing the income and wealth of the shareholders by increasing the profits of the organization.
IFRIC standard Interpretation Committee are regulatory guidance on the application of International Financial Reporting standard Interpretation Committee (IFRS).
Standing Interpretations Committee (SIC) are a form of regulatory guidance issued before the formation of the IFRS Interpretations Committee (formerly IFRIC)
International Financial Reporting Standards (IFRS) are a set of accounting standards developed by the IASB.
International Accounting Standards (IAS) with the goal of unifying financial reporting throughout the world.
Profit maximization: Increasing the profit of the organization is one of the main objectives of financial management.
In the periodic inventory method, inventory is calculated periodically (monthly, quarterly, or annually).
Perpetual inventory method is a system where inventory is calculated instantly at the time of each transaction.
Proper arrangement of money and management of that funds is very important for running business activities.