The following provides good resources/knowledge whether accounting, financial, business or finance related daily news: http://www.businessweek.com/ http://money.cnn.com/ http://www.cfo.com/ http://www.cfoasia.com/ Also check out these links to: Respective Accountancy Professional Bodies Reputable World Universities Auditing Professional Bodies: The Institute of Internal Auditors Established in 1941, IIA is an international professional … Read more
Journal is also called the Book Of Prime Or Original Entry. The purposes of Journal are as follows: Records in one place the complete effects of a transaction Provides a chronological record of transaction Helps to prevent or locate errors because the debit and credit amounts for each entry could be readily compared … Read more
Earlier Case Study No 1 on Starting Your Own Business refers. The objective of this study case on Controlling/Managing Your Own Business allows the readers to: To appreciate the importance of able to control one business To control the business, one need to understand one business’s industry averages/standards and To use financial analysis to help … Read more
Answer to True Or False Question On Interpretation Of Financial Statement or Ratio Analysis True False 1. Financial statements that reflect financial data for two or more periods are often referred to as comparative statements X 2. Development of data that measure changes occurring from one accounting period to another is a form of horizontal … Read more
Append below true and false questions on Financial Statement Analysis or Interpretation Of Financial statements: True False 1. Financial statements that reflect financial data for two or more periods are often referred to as comparative statements 2. Development of data that measure changes occurring from one accounting period to another is a form of horizontal … Read more
In any business decision making, ethic is a key requirement. Members of any accounting professional associations/bodies require their members qualified (CPA) or yet to qualify, to maintain high standards of Professional Conduct. This professional conduct is in relationship with clients, employers, fellow members and public generally. This article generally described what is ethnic and the … Read more
Accounting Cycle is a series of accounting process which begins with the identification of an economic activity or transaction, recording of the economic activity and ends with the prepration of the financial statements. The Accounting Cycle is a repeated process where one cycle ends and another cycle (as above) is repeated again The steps involve … Read more
It Is critical to manage the company’s working capital as cash generated from the working capital cycle is not synonymous with profit generated from the business. Without adequate cash/liquidity, profitable companies can not survive as they need to pay their liabilities from cash and not from profit. Some examination questions test the candidates on … Read more
Click to the respective topic on Cost Of Capital Content Page On COST OF CAPITAL 1.0 Factors Affecting a company’s cost of capital 2.0 Cost Of Capital For Common stocks-Retained Earnings or Internal Equity 3.0 Cost Of Capital For External Common Equity 4.0 Basic Understanding of Cost Of Capital –Weighted Average Cost Of Capital
Click to the respective topic on Inventory Management/Control Content Page On INVENTORY MANAGEMENT/CONTROL 1.0 What is stock and the reasons for holding stock or inventory 2.0 What are the cost of holding stock What are stock-out costs and give examples of stock-out costs 3.0 What are the underlying assumptions used in Economic Order Quantity model? … Read more