Category: Accounting

Top 3 Qualities | 8 Functions of Management Accountant

15/09/202214/09/2022 Study Notes Expert No Comments

A management accountant is an officer in the organisation entrusted with the installation, development, and running of an efficient management accounting system. He collects information on accounting and financial matters and separates relevant and irrelevant information. Then, he will communicate the relevant information to the various levels of management. Also, he compares the actual performance…

Management Accounting

Objective | Benefits | Limitations | 4 Types of Ratio Analysis

02/10/202119/10/2022 Study Notes Expert No Comments

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

Financial Accounting

Major 6 Tools and Techniques of Financial Statement Analysis

01/10/202102/07/2023 Study Notes Expert No Comments

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

Financial Accounting

Top 10 Limitations of Financial Statement

24/09/202116/07/2023 Study Notes Expert 1 Comment

limitation of financial statement – 1. Historical Costs 2. Inflation Adjustments 3. Personal Judgments 4. Specific Time Period Reporting….

Financial Accounting

Preparation of Financial Statement: Trading Account | Profit and Loss Account | Balance Sheet

23/09/202117/09/2022 Study Notes Expert No Comments

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

Financial Accounting

Meaning | Nature | 6 Objectives of Financial Statements

23/09/202111/09/2022 Study Notes Expert No Comments

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

Financial Accounting

IFRS: Major 5 Features | Objectives | Importance

22/09/202118/07/2023 Study Notes Expert No Comments

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

Financial Accounting

Top 10 Qualitative Characteristics of Accounting Information [Updated]

22/09/202104/06/2023 Study Notes Expert No Comments

In this Article, We Discuss About Top 10 Characteristics of accounting information

Financial Accounting

Objective | Function | Procedure for Issuing Accounting Standards

21/09/202111/09/2022 Study Notes Expert No Comments

In this Article, Detail Discuss about Accounting Standards Issuing procedures in India and all 5 steps are discussed. Objective and Functions of Accounting Standards in India

Financial Accounting

Accounting Standards: Meaning | Objectives | 3 Benefits

20/09/202118/09/2022 Study Notes Expert No Comments

Accounting Standards plays an important role in maintaining the accounts. For better understanding the concept, you have to know more about its objectives and its benefits. You have to follow the article to get better knowledge. Meaning of Accounting Standards Accounting Standards comprise accounting guidelines and rules required to be followed while preparing financial statements….

Financial Accounting