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  • What is Accounting?
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Financial Accounting

comparative-financial-statement

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
Last Updated on: May 27, 2022
presentation-of-financial-statement

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
Last Updated on: May 27, 2022
Changes-in-accounting-policies

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
Last Updated on: May 27, 2022
Financial Reporting Framework

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
Last Updated on: May 27, 2022
Accounting Policies

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
Last Updated on: May 27, 2022
Tax Accounting

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
Last Updated on: June 9, 2022
Fund Accounting

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
Last Updated on: June 9, 2022
Fiduciary Accounting

Fiduciary Accounting – Meaning, How it Works, and More

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
Last Updated on: June 9, 2022
Forensic Accounting

Forensic Accounting – Meaning, Applications and More

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
Last Updated on: June 9, 2022
Definition of Profit

What is the Best Definition of Profit?

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
Last Updated on: June 9, 2022
Accounting-for-Equipment-lease

Accounting for Equipment Lease – Meaning, Treatment, and Example

An equipment Lease is a contract where an owner of the equipment allows another company or party to use that asset for a set… Read Article
Last Updated on: September 28, 2022
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Financial Management Concepts In Layman Terms

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