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
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
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
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 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
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
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
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