Conflict Theory
Conflict theory, given by Karl Marx, depicts that there exists a struggle because of limited resources & unlimited utilities of resources. Further, the never-ending competition for these finite resources …
Budgeted Income Statement – Meaning, Importance And More
Organizations always rely on comparative performance to understand where they lack and the places where they excel. A Budgeted Income Statement serves the same purpose. Also called a pro …
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 …
Stock Dividend Investing – Strategies, Tax Implications And More
Stock Dividend Investing is a way for shareholders to generate extra income in addition to the appreciation in the market value of their portfolio. Herein, investors buy dividend stocks, …
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 …
Altman Z-Score
What is Altman Z-Score The Altman Z-Score is a statistical measure used to predict the probability of a company going bankrupt. It is an important measure to gauge the …
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) …
