– Cost: ICT has increased the cost of accounting system as expenses are incurred on purchase of computer hardware and software. – Reliability: ICT has pro...

Be a Leader: Professional associations give you an opportunity to develop your skills as a leader, and this is important not only for your personal growth...

Internal sources are the major traditional sources of finances for public limited company. They include personal savings, working capital, retained profit...

The time value of money (TVM) is an important concept to investors because a dollar on hand today is worth more than a dollar promised in the future. Prov...

General-purpose financial statements provide much of the information needed by external users of financial accounting. These financial statements are form...

Substance over form is an accounting concept which means that the economic substance of transactions and events must be recorded in the financial statemen...

Within the designated boundaries, certain revenue or expense levels can be expected to occur. Outside of that relevant range, revenues and expenses will l...

General reserve is referred to as the reserve fund that is created by keeping aside a part of profit earned by the business during the course of an accoun...

The parent company will report the “investment in subsidiary” as an asset, with the subsidiary. Ownership is determined by the percentage of shares held b...

1) Questionnaires 2) Interviews 3) Observation 4) Analysis of records, circulars, appraisal reports and other organisational literature 5) Analysis of har...