Income Statement Format- Merchandising, Manufacturing and Service Company
In practice for financial accounting, we ever knew cost of goods sold ( for merchandising company) or cost of products
Continue readingPractical Accounting
In practice for financial accounting, we ever knew cost of goods sold ( for merchandising company) or cost of products
Continue readingChart of Account for Merchandising or Import and Export Company Chart of Account is important process to record financial transactions
Continue readingWhich entities should use IFRS for SMEs | What is an SME ? Note: Public Accountability Companies use full IFRS
Continue readingIFRS | IAS not be relevant for SME financial statements In July 2009, the International Accounting Standards Board (IASB) issued
Continue readingHow to Prepare Master Budget ( Budgeting) There are 10 steps to prepare master budget as follows: 1.Sale budget and
Continue readingPRACTICAL CHART OF ACCOUNT, FINANCIAL STATEMENT FORMAT AND ACCOUNTING POLICY For Questions: Question 1 Company purchases car (fixed asset) of
Continue readingPRACTICAL CHART OF ACCOUNT, FINANCIAL STATEMENT FORMAT AND ACCOUNTING POLICY Leaning Objectives I. Introduction II. Chart of Account III. Financial
Continue readingPRACTICAL ERROR OR FRAUD ANALYSIS FOR FINANCIAL STATEMENTS Learning Objectives: I. Comparative Figures from Prior Periods II. Unusual change in amount
Continue readingAccounting Differences between Public Accountability Company & SME (Small and Medium Entity) In July 2009, the International Accounting Standards Board
Continue readingHOW TO PREPARE PRACTICAL FINANCIAL STATEMENTS To prepare practical financial statements, accountant should understand the following issues: Make chart of
Continue reading