International Financial Reporting Standards IFRS
International Financial Reporting Standards IFRS: IFRS are accounting standards issued by the IFRS Foundation and the International Accounting Standards Board...
Accounting Standards Meaning and Scope, Importance
Accounting Standards Meaning and Scope, Importance: In order to ensure transparency consistency, comparability, adequacy and reliability of financial reporting,...
AS9: Revenue Recognition
Proceeds from the selling of items are among the sources of revenue.
Expenses incurred as a result of providing services
Interest,...
AS6: Depreciation Accounting
AS6 Depreciation Accounting: Depreciation is a measurement of a depreciable asset's wearing out, consumption, or other loss of value due to usage,...
AS1 Disclosure of Accounting Policies
AS1 Disclosure of Accounting Policies: The disclosure of accounting policies is referred to as AS 1. It stipulates that an...
Objectives of accounting
Accounting's goal is to keep complete and methodical records of all corporate activities.
Objectives of accounting: The language of commercial transactions is...
Branches of Accounting
Accounting for money
Branches of Accounting: Financial accounting is a systematic way of documenting company transactions in accordance with accounting principles. It...
Persons interested in Accounting: Accounting information is used by internal users. Internal users are the people that run, manage, and operate the day-to-day operations...
Book-Keeping and Accounting: Bookkeeping is the process of documenting financial transactions and is a component of the accounting process in company. Purchases, sales, receipts,...
