Accounting

Accounting ratios are a set of financial metrics used to analyze different components of accounting information in order to derive proper conclusions to be further used by different users of such information for making informed decisions.…

Improve Article Save Article Like Article Improve Article Save Article Like Article MIS and AIS are computer-based information systems. For any organisation, information about various things is necessary to function properly.…

What is IFRS?International Financial Reporting Standards are a set of accounting standards developed by the International Accounting Standards Board. The main AIM of IFRS is to provide guidance on the preparation and presentation of…

South Carolina’s Comptroller General Richard Eckstrom is stepping down next month after making a $3.5 billion “accounting error” in the state’s end of year financial report.The error was initially unearthed by one of Eckstrom’s staffers,…

A provision in accounting refers to an amount that has been set aside from the profits of the business in order to meet an unanticipated loss. All business units set aside some part of their current year’s profits in order to “provide” for…

The India-based back-offices of at least two of the Big Four professional services firms have advised select teams to return to offices, indicating that they could be transitioning to a hybrid workplace model in the near term.EY Global…

Comptroller and Auditor General (CAG) of India Girish Chandra Murmu | Photo Credit: Shiv Kumar Pushpakar Comptroller and Auditor General (CAG) Girish Chandra Murmu on March 15 expressed hope that the Rajasthan Government will not do away…

Traditional CPA paths are finding alternative means to meet new market needs and talent requests. getty Acknowledgment – This reporter works yearly with Master of Accountancy Students at Vanderbilt’s Owen Graduate School of Management as a…

Contingent Assets:A Contingent Asset is an economic gain that may come into existence in near future as a result of some past action. The existence of such assets is completely uncertain and beyond the control of the entity.Example: Any…

In a business, there are numerous transactions that take place on regular basis, these can be the purchase and sale of goods and services, receiving or paying cash, and many more. Transaction basically refers to any monetary activity which…