education
Why audit is important for the economy?
Audit Can Promote Long-Term Capital Investment, But To Do So Investors Must Consider It To Be Relevant and Reliable. To be sure, short-term investors play...
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Education
education
How do you present financial information to non-financial managers?
How to present financial information to non-financial stakeholders Lack of financial literacy. Lack of relevance. Time restraints. Turn it into a story. S...
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education
What do you mean by business combination?
A business combination is defined as a transaction or other event in which an acquirer (an investor entity) obtains control of one or more businesses. How...
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education
What are problems caused by accounting diversity?
Accounting diversity can create serious problems with respect to the multinational enti- ties. Problems caused by accounting diversity can impact on vario...
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education
What is debit and credit voucher?
Cash vouchers are of two types viz. debit voucher and credit voucher. A debit voucher is prepared when cash payments are received whereas a credit voucher...
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education
What is a primary asset example?
Primary assets are the assets that should be imported first to import certain other kind of assets. In this example, Windows Domain is the primary asset a...
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What is reverse acquisition accounting?
• A reverse acquisition occurs when the entity that issues securities (the legal acquirer) is identified as the acquiree for accounting. • The entity whos...
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Why debtor is an asset?
Typically, such debts are on goods and services that are sold on credit. Sundry debtors can also be termed as ‘accounts receivable’. The reason sundry deb...
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education
Why is variable costing not used for external reporting?
The reason that the variable costing can’t be used for the external financial reports is because the GAAP has a rule that the manufacturing overhead has t...
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education
What is depreciation in cash flow?
Depreciation in cash flow statement Depreciation is a non-cash expense, which means that it needs to be added back to the cash flow statement in the opera...
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