IFRS and GAAP Convergence has been a big issue in the Accounting world. Here are a few reasons why it won't be realized any time soon.
Profit is the yard-stick for evaluating performance of any business concern. Since ultimate profit depends upon plan and control, cost accounting plays a vital role. Previously, cost accounting was mostly engaged in ascertaining costs of products or...
The best accounting firms in the Philippines, the "Big Five" auditing firms, are listed in this article. The top CPA firms and major accounting firms in the world have always been popular in the business world, not only here but globally, too....
Over the years I got very used to family and friends telling me they had no idea what I do for a living. When I applied for audit roles at accounting firms they also didn't know where I fit!
The convergence between U.S. GAAP and IFRS will put an end to the LIFO method of inventory valuation. The result will be tax implications for many companies, but also a more accurate representation of costs.
If you're a current mom or a mom-to-be, here's friendly advice. Keep your kid away from an Accountancy course. Your kid will thank you for it. Find out the reasons why.
At one time, "Big Eight" accounting firm Arthur Andersen was larger than the other seven combined. Then came the Enron and WorldCom debacles, bringing about the downfall of the International Giant.
Valuation of a small or medium-sized service business can be difficult for non-finance professionals. In this article we cover some very basic valuation methods for business owners to use in valuing their current business or when considering an acquisition.
Audits aren't just about ticking boxes, a lot different skills are need to conduct them properly. One of the biggest skill sets you need are soft skills which can help make your audit results stronger
Peachtree by Sage is a great choice for your small business bookkeeping needs. It is easy to setup, easy to use, affordable, and plenty of reports.
Feedback on courses required for a finance degree from the perspective of a finance student. Today we are looking at Financial Accounting.
Accounting is concerned with collecting, analysing and communicating economic information (Atrill & McLaney, 2004, p1). However in order to develop a broader understanding of accounting and the central role it plays in society, we need to consider...