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A company’s balance sheet is a statement of its assets and liabilities as of a specified date. A company’s assets may be categorized into two major groups viz noncurrent assets and current assets. In contrast, the liabilities may also be categorized into two other groups: long-term liabilities (including the shareholders’ equity, i.e., paid-up share capital…
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There are many types of budgets and budgets are very crucial aspects for every business. Budgets are usually classified according to their specific type. The most frequently used budgets are: Major 3 Types of Budgets On the Basis of Time The budget based on time is as follows: 1) Long-Term Budgets Budgets have a longer…
A budget is defined as a financial instrument that can be used to plan and project future values using previous experience. It is a numerical statement that outlines what the future direction of action will be in numerical form and it is very important for budgetary control. It covers a specified period of time and…
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In this Article we Discuss full topic of Ratio Analysis, Objective, Advantage and disadvantage of ration analysis, Types of Ration analysis- 1. Liquidity ratio 2. Leverage or solvency ratio 3. profitability ratio 4. Activity ration or turnover ratio
Here we discuss about main 6 points : 1. Ration Analysis 2. Common Size Statement 3. Comparative Statement 4. Trend Analysis 5. Fund flow Analysis 6. Cash flow Analysis
limitation of financial statement – 1. Historical Costs 2. Inflation Adjustments 3. Personal Judgments 4. Specific Time Period Reporting….
In this Article, Detail Discuss about objective of preparing of financial statement and uses of financial statement and about trading account and credit and debit side of trading account and profit and loss account also balance sheet
Here we discuss about the financial statement meaning ad that is The financial statements provide a summary of the accounts of a business enterprise, the balance sheet reflecting the assets, liabilities and capital as on a certain date
Here we Discuss about the International Financial Reporting Standards (IFRS) Features and Objective of the IFRS and Needs of the IFRS and Advantage of the IFRS
In this Article, We Discuss About Top 10 Characteristics of accounting information
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