International Accounting Standard 1 (IAS 1) provides guidelines for the presentation of financial statements. The objective of IAS 1 is to ensure that financial statements […]
IAS 2, or the International Accounting Standard 2, provides guidance on the accounting treatment and disclosure requirements for inventories. Inventories are assets held for sale […]
IAS 1 Presentation of Financial Statements is a standard that provides guidance on the preparation and presentation of financial statements. The standard applies to all […]
International Accounting Standard 1 – IAS 1 Objective This Standard prescribes the basis for presentation of general purpose financial statements to ensure comparability both […]
Standard costing includes setting standard rates to absorb material , labour ,overheads. Setting of standards rates helps in exact valuations , strengthening control over differences […]
PROCESS COSTING – PART 1 PROCESS COSTING – PART 2 Cases with Opening work in PROGRESS (WIP) Till now we assume that there is no […]
PROCESS COSTING – PART 1 Equivalent Units Continuous production with different processes faced a problem, i.e. how to deal with processes which were not […]
In entities mass production involving, it is difficult to calculate on base of individual units, so to make issues simple costs are accounted making processes […]
Contract Costing Easy to understand “ job order costing on larger scale”. For construction of building and other large scale wok which take considerable […]
BATCH COSTING Batch costing is similar to job order costing ,the only difference is that costing focus moves from job orders to batches. It is […]
