Accounting can be defined as the creation of financial information.
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In IFRS 15 Revenue should be measured by the amount charged to the client for the sale of goods or services.
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Accounting is as old as money itself. As a child, commercial activities were based on barter systems, so record keeping was not necessary.
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Discounting of Bills of Exchange is another popular type of loan by modern banks.
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Bookkeeping is just part of the accounting process that handles the recording of transactions.
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Forensic Accounting is a technique for examining accounting records, financial statements, and other related financial records.
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The Secondary market is the market in which securities that are being issued in the Primary market are traded by market participants.
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Derivatives are financial securities that depend on or derive from the underlying asset or asset group (benchmark).
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Accounting Conventions are a common method used as a guideline when recording commercial transactions.
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A Non-Profit Organization is an organization established for the purpose of social welfare and the promotion of social arts and culture.
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Accrual Accounting is an accounting method that requires an individual to record all transactions in the books at the time of occurrence.
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Each time an accounting transaction is created, at least two accounts are always affected, a Debit and Credit.
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A financial market is a place of business in which various types of bonds and securities are traded.
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Job Costing is a method of costing using continuously identifiable units, applicable materials that directly drive the production process.
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Trading Account help us to determine the gross profit or total loss of business concerns, created strictly from trading activities.