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Finance & Accounting

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Aug 01 2022

Outsourcing your Business Functions? 10 key services...

Every small or big business is outsourcing some or the other function to outside third parties. As a small business, it is evident that you cannot undertak...

Jul 30 2022

Difference Between Financial and Managerial Accounting...

Financial accounting is the process of collecting data in order to create financial statements. On the other hand, managerial accounting is the internal pr...

Jul 25 2022

Challenges of IFRS Implementation in India

To have greater transparency and uniformity, a company has to ensure high quality corporate financial reporting, maintain records, and report expenses and...

Jul 22 2022

Core Objectives of Cost Management for Business Growth...

The term ‘Cost Management’ is in vogue in business jargon these days. Unfortunately, no specific definition has been available to entirely cover all th...

Jul 22 2022

Different Types of Financial Reports That a Business Ne...

There are several types of financial reports that provide an insight into the past, present and future financial status of your business. Every business ow...

Jul 19 2022

What are the Key Objectives of Financial Reporting of a...

Every company has multiple departments having different functions for handling and achieving organisational goals. All the departments have their specific...

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Jul 05 2022

Interim Financial Reporting: Advantages and Disadvantag...

Interim Financial Reporting is a detailed financial report prepared by a company for measuring and evaluating the firm’s progress on a less than annual b...

May 31 2022

IFRS Standards

International Financial Reporting Standard lists are the guiding rules set for maintaining records and financial affairs of a business entity. IRFS Standar...

Apr 19 2022

A summary of IAS 21 on Changes in Foreign Exchange Rate...

Foreign currency transactions, foreign activities, and translation to presentation currency are all covered by IAS 21. Foreign currency transactions and op...

Apr 19 2022

A Guide to the Interpretation of IFRS 10

The component of IAS 27 on Consolidated and Separate Financial Statements that deals with accounting for subsidiaries on consolidation is replaced by IFRS...

Apr 13 2022

Need of convergence of IAS with IFRS

Introduction Every nation follows its own set of policies and standards for accounting. However, because of globalization in the previous few decades when...

Apr 08 2022

An overview of IAS 26 on Retirement Benefit Plans

IAS 26 establishes the measurement and disclosure criteria for reporting retirement benefit schemes. All plans must provide a statement of changes in net a...

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