Internal Growth Rate – Meaning, Importance and More
Internal Growth Rate (or IGR) is the maximum growth rate that the company is confident of achieving without having to obtain funding from outside. This is the growth rate …
Financial Accounting
Angle of Incidence – Meaning, Importance And More
The Angle of Incidence in accounting occurs when the entire sales line crosses the cost line from below in the break-even chart. Or, it is an angle that gets …
Advantages and Disadvantages of Bank Reconciliation
Before we look into the advantages and disadvantages of bank reconciliation, lets quickly go through what the term stands for. So, bank reconciliation is a process wherein the bank …
Leasehold Improvement GAAP
A Leasehold Improvement is the changes made to a rental property, in order, to meet the needs of a tenant. There can be various improvements such as installing partitions, …
Discontinued Operations – Meaning, Disclosure And More
Discontinued Operations are that part or portion of a company’s core product that no longer functions. Also, these parts are either held for sale or are already sold. For …
US GAAP – Meaning, History, Importance And More
Generally Accepted Accounting Principles or GAAP is also known as US GAAP as it is in use in the US. These are the set of rules in place meant …
Extraordinary Items Under GAAP – All You Need To Know
Extraordinary items in accounting is an event or transaction that does not relate to normal business activity and occur rarely. The treatment of extraordinary items under GAAP (Generally Accepted …
Advantages and Disadvantages of Limited Liability Company
To understand the advantages and disadvantages of a limited liability company, let’s take the example of three individuals: Sam, Paul, and Harry. They want to start a business together …
GAAP vs Non-GAAP – All You Need To Know
Companies can adopt different ways to track and report financial information to the stakeholders. While in the United States, the companies follow the US GAAP (Generally Accepted Accounting Principles) …
GAAP vs IFRS – All You Need To Know
Initially, many countries developed their own accounting standards. All these standards were different from others in a way that each had a different approach, such as tax-oriented, principle-based, business-oriented, …
