CPA Overview of Professional Accounting Certification: is a professional designation, which is awarded to an accountant when he acquires certain qualifications and passes prescribed examinations.
Sources of Funds are the means or ways from which an organization or individual collects the money required for their financial activities.
Accounting Cycle is a continuous process followed to accurately record, classify and report the financial activities of an organization.
Business/organization want to make sure that they get as much profit as possible by deducting costs from their revenue.
An accounting journal is the first stage of any accounting exercise. It is otherwise referred to as the daybook.
An accounting journal is the first stage of any accounting exercise. It is otherwise referred to as the daybook.
The Dual Aspect Concept of Transactions is a principle of accounting, which states that every transaction has two aspects—debit and credit.
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.
Main goal and objectives of financial management is to manage the financial resources of an organization in such a way to achieve its objectives.
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.