CPA Overview of Professional Accounting Certification
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.
Breakdown Accounting Cycle
Accounting Cycle is a continuous process followed to accurately record, classify and report the financial activities of an organization.
Classification of Transactions: Practices for Reporting
An accounting journal is the first stage of any accounting exercise. It is otherwise referred to as the daybook.
Functions of Journal in Accounting
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
The Dual Aspect Concept of Transactions is a principle of accounting, which states that every transaction has two aspects—debit and credit.
IFRS Standard Interpretation Committee (IFRIC)
IFRIC standard Interpretation Committee are regulatory guidance on the application of International Financial Reporting standard Interpretation Committee (IFRS).
Standing Interpretations Committee (SIC)
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)
International Financial Reporting Standards (IFRS) are a set of accounting standards developed by the IASB.
International Accounting Standards – IAS
International Accounting Standards (IAS) with the goal of unifying financial reporting throughout the world.
Accounting for Periodic Inventory Method
In the periodic inventory method, inventory is calculated periodically (monthly, quarterly, or annually).