The goal of how to pass a CPA exam the first time is one to help reduce costs, stress, and time for those seeking careers as certified public accountants. Check out these tips and strategies to help that first test become your last one.
Basic Terms used in Accounting, basic accounting terms, Profit and Loss Statement, Balance Sheet. Accounting Equation, Assets, Liabilities, Capital, Sales. Expenses and Revenues. Expenditure. Loss, Income and Profit, etc.
What is the cash break even point for your business? How do you calculate the break even point? And how do you lower your cash break even point?
The accounting equation is the foundation for the double entry accounting system where debits must equal credits. Before we look at accounting entries we need to understand the accounting equation.
1. RULES OF PROFESSIONAL CONDUCT Introduction: Members of association are required to observe proper standards of professional conduct and refrain from misconduct. Overseas members may follow the local ethics where the profession is controlled...
Different authorities defined the subject of ‘Accounting’ in different ways. So it is difficult to define the subject through a single definition. Let us look at some of the prominent definitions: American Accounting Association defined...
Audits are of two types namely optional or private audits and statutory or compulsory audits. Basis for this classification is legal requirements with regard to conduction of audit.
Company divides its profit into two parts one part will be transferred to reserves and the other part would be distributed to shareholders as dividend. That part of profit which is made available for payment of dividend is called Divisible Profit.
It is the statutory duty of a company auditor to give either clean report or qualified report after completion of audit work by expressing his opinion.
Characteristics of Accounting Information System. Accounting information must possess the characteristic of reliability, relevance, understand-ability and comparability. Accounting Articles