First of all, we should know about the professional accounting, what it is? Professional accounting can be defined or understood as the field of accounting which is under a statutory professional accounting body of accountants. What is the Difference Between a Master’s of Accounting and an MBA in Accounting? The members of this body are
The main purpose of the MIS (Management Information System) is to help the managers in making efficient and productive decision at strategic, tactical and operational level. It provides managers the helpful information that is gathered from different sources and departments in a single poo data base and in readable format. What is Management Information System
Latest ACCA Exam Changes in 2018 From September 2018, we are launching the new ACCA Qualification which means that our exam names and levels are changing. This means the Knowledge level will be known as Applied Knowledge, Skills level will become Applied Skills and the Professional level will be Strategic Professional. For the March and June exam
Latest ACCA FIA-AFD Books and Kits 2018-2019 In this POST, you can download Latest ACCA FIA-AFD Books and Kits 2018-2019 to prepare for the upcoming exams. These books and revision kits will help you to prepare for your upcoming exams. Latest ACCA FIA-AFD Books and Kits 2018-2019 are prepared to help the students who can’t understand the
Elements of the Income Statement In this post, we are going to learn about the elements of the income statement. First of all, we should know what is income and what is an expense? We also call income statement as a profit and loss statement. To learn about the income statement, every student should have
The Elements of Financial Statements
The qualitative characteristics are applicable to all information contained in the financial statements. The following elements of the financial statements will be considered separately:
IAS 8 Accounting Policies are the principles and rules applied by an entity which specify how transactions are reflected in the financial statements. Where a standard exists in respect of a transaction, for example, IAS 8 Accounting Policies and estimates, the accounting policy is determined by applying that standard.
Components of Financial Statements
According to IAS 1 Presentation of Financial Statements, a complete set of financial statements has the following components: Other reports and statements in the annual report (such as a financial review, an environmental report or a social report) are outside the scope of IAS 1.
ACCA LSBF Class 2018 Notes All Papers Download All Paper Download, you can download the ACCA LSBF Class 2018 Notes All Paper Download by click on the download links given below. LSBF class notes will help you to assist in your exams preparation. LSBF Class notes are in the summarized form and helping many students
How to Pass ACCA Papers in First Attempt? Dear Students, Everybody wants to know How to Pass ACCA Papers in First Attempt? First of all congratulation to all those who have cleared their exam of September, 2017. The result has been announced and many students are celebrating. I would advise to all those who couldn’t