Forms of Businesses
Choosing the form of business is the most important decision that an entity has to make. What form of business an entity adopts would… Read Article
Financial Accounting
Cash Flows from Financing Activities
Every entity needs to present the cash flow statement as part of its Annual Accounts/Reports. The Cash Flow Statement consists of three sub-statements. And… Read Article
Cash Flow from Investing Activities – Items Included, Formula, and Example
Every entity needs to present the cash flow statement as part of its Annual Accounts/Reports. And this Cash Flow Statement has three sub-statements. And… Read Article
EBITDAR – Meaning, Purpose, Example, Formula, and Differences
In one of our articles titled ‘What’s the best definition of profit’ we have understood what is the definition of profit and there are… Read Article
Comparative Financial Statements – Meaning, Importance, and Example
Comparative Financial Statements, as the word suggests, are the statements that show the financial numbers of more than one year (consecutive periods) of an… Read Article
Presentation of Financial Statements
Every entity needs to prepare and present its financial statements for the accounting year adopted by it. Presentation of financial statements means how an… Read Article
Changes in Accounting Policies – Reason, Disclosure, Exemption and Example
Changes in Accounting PoliciesEvery organization needs to follow the accounting rules and frame its own accounting policies. These policies are nothing but a well-thought-out… Read Article
Financial Reporting Framework – Meaning, Objectives, and Criteria
What do you Mean by Financial Reporting Framework?Financial Reporting Framework, as the word implies, provides a framework for financial reporting. This framework basically includes… Read Article
Accounting Policies – Meaning, Uses, Types, and Importance
What are Accounting Policies?Accounting Policies are internal rules, standards, and procedures that a company’s management lays down to guide them in the preparation of… Read Article
Tax Accounting – Meaning, Pros, Components, and More
Tax Accounting is a branch of accounting. As the name suggests, it helps a firm not to prepare its financial statements but to prepare… Read Article
Fund Accounting – Meaning, How it Works, Benefits, and More
Fund Accounting is an accounting system that focuses more on accountability than profits. Generally, non-profits and government organizations use this type of accounting. Therefore,… Read Article