As per International Accounting standard (IAS 2),
Inventories are Assets:
Held for sale in the ordinary course of business, Eg: Merchandise purchased by the retailer.
In the process of pr...
Accounting for Assets Received Free of Cost or as Gifts as Per IFRS
Many have confusion, whether one needs to account for assets received free of cost? Some will also argue that as there is no money paid, why it...
Cash Flow Management & Working Capital Management
In the present scenario, most of the companies are discussing how to handle cash flow management during t...
Accounting in Business
Accounting is often termed as the language of businesses. Accounting in business plays a vital role as it provides so much information about the company w...
What is the role of Internal Audit in finance?
Internal Audit advances businesses to achieve their objectives by effectively evaluating and managing the risk factors and processes within an o...
This website uses cookies to improve your experience. I acceptYou can Read More here Learn More By continuing to use this site you are giving us your consent to do this