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
A fiduciary is a position for a trust or any other organization. The biggest responsibility of the person in this position is to maintain… Read Article
Forensic Accounting is the use of accounting and financial skills to find out whether or not there is any accounting fraud. Every company needs… Read Article
Profits are an integral part of every business. As an entrepreneur, the primary goal is to make the business profitable. Profits are important to… Read Article