IAS 8 provides guidance on the selection and application of accounting policies, as well as the treatment of changes in accounting policies, accounting estimates, and […]
IAS 7, or International Accounting Standard 7, is a standard that deals with the presentation of cash flow statements. The main objective of IAS 7 […]
International Accounting Standard 1 – IAS 1 Objective This Standard prescribes the basis for presentation of general purpose financial statements to ensure comparability both […]
PROCESS COSTING – PART 1 PROCESS COSTING – PART 2 Cases with Opening work in PROGRESS (WIP) Till now we assume that there is no […]
Breakeven is the point at which at profit is “ZERO”. It’s important for entity to know how much revenue to revue it has to […]
Structure of organization is arrangement of jobs within organization. It defines how jobs are grouped and coordinated in entity. Authorities and responsibilities of individuals working […]
Current Liabilities are obligations of a company that a company is required to settle within one year or expected to settle within its normal operating […]
