APIC Accounting: Meaning, Working, Accounting Process, Importance and More
In accounting terms, APIC stands for Additional paid-in Capital. And it is an additional amount the investors are ready to pay above the par value of the stock. Therefore, …
Financial Accounting
Unearned Revenue
The unearned revenue is the money that the individual or company receives prior to providing or delivering the services and goods. It can be the prepayment for the goods …
Physical Deterioration – Meaning, Categories and More
What is Physical Deterioration? Physical deterioration is the most obvious wear and tear to an asset because it is visible. An asset witnesses such deterioration if it doesn’t undergo …
Negative Assurance: Meaning, Implications, Letter and More
Negative Assurance: Meaning Negative Assurance or a limited assurance is a written document issued by Auditors during an assignment. In this type of engagement, the auditor issues a statement …
Cash Flow from Operating Activities
What is Operating Cash Flow? Cash Flow is an essential part of any company’s financial statement. Operating Cash Flow shows the quantum of cash movement and the net positive …
Calendarization – Meaning, Applications and More
Calendarization refers to the accounting process of standardizing full financial statements of two or more different companies. This process aims to facilitate the comparison of two or more companies’ …
Cost Accounting and Management Accounting
Cost Accounting and Management Accounting Cost accounting and management accounting are both branches of the accounting system, rather a further advancement thereof. These advanced accounting systems’ main aim is …
Accounting Information
Meaning of Accounting Information Accounting is the process to record, analyze, summarize, and interpret financial information of a business organization. Accounting information thus generated is of use to the …
High-low Method Accounting – Meaning, Formula, Example and More
As we know in the cost accounting terminology, there are three types of costs – Fixed Cost, Variable Cost, and Semi-variable Cost. The High-low method is a cost accounting …
Fixed Asset Schedule: Meaning, Elements, Format & Benefits
Fixed Asset Schedule: Meaning Fixed Asset Schedule is an integral part of the annual accounts of the company that includes a list of all fixed assets in the business. …
