concepts-accounting.blogspot.com

Accounting Concepts Explained

Wednesday, September 30, 2009. Materiality is a concept which is of huge importance in the Audit of an organization. An item which appears in the Financial Statements of an organization can be termed as material if the omission of it from the Financial Statements results in some serious distortion. Likewise, if the same item is mis-stated and that also causes some serious fallacy then such an item is termed as Material. Budgets - An Overview. Budgeting involves setting out a plan of action which serves a...

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Accounting Concepts Explained | concepts-accounting.blogspot.com Reviews

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Wednesday, September 30, 2009. Materiality is a concept which is of huge importance in the Audit of an organization. An item which appears in the Financial Statements of an organization can be termed as material if the omission of it from the Financial Statements results in some serious distortion. Likewise, if the same item is mis-stated and that also causes some serious fallacy then such an item is termed as Material. Budgets - An Overview. Budgeting involves setting out a plan of action which serves a...

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Accounting Concepts Explained | concepts-accounting.blogspot.com Reviews

https://concepts-accounting.blogspot.com

Wednesday, September 30, 2009. Materiality is a concept which is of huge importance in the Audit of an organization. An item which appears in the Financial Statements of an organization can be termed as material if the omission of it from the Financial Statements results in some serious distortion. Likewise, if the same item is mis-stated and that also causes some serious fallacy then such an item is termed as Material. Budgets - An Overview. Budgeting involves setting out a plan of action which serves a...

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concepts-accounting.blogspot.com

1

Accounting Concepts Explained: Interview Questions for an Accountant Job

http://concepts-accounting.blogspot.com/2009/04/interview-questions-for-accountant-job.html

Sunday, April 19, 2009. Interview Questions for an Accountant Job. As per the query of one of the visitors of "accounting concepts explained", I am going to mention here some of the important interview questions which one has to counter when he/she applies for an accountant's job. Here are some of the common questions which you should be prepared for before an interview:. How many methods of depreciation are available and name them? What is Accrual Basis of Accounting? Subscribe to: Post Comments (Atom).

2

Accounting Concepts Explained: Posting Into Ledgers

http://concepts-accounting.blogspot.com/2009/04/posting-into-ledgers.html

Sunday, April 19, 2009. After the basic recording of daily business transactions takes place, this information needs to be summarized in order for it to be of any material use for the users of such information. These users mainly include the management of the business itself, so that it can evaluate the overall performance of the company's operations during a particular period. Other users include potential investors, the current shareholders, taxation authorities and other regulatory bodies. Accrual Bas...

3

Accounting Concepts Explained: Accrual Basis of Accounting

http://concepts-accounting.blogspot.com/2009/04/accrual-basis-of-accounting.html

Sunday, April 19, 2009. Accrual Basis of Accounting. One method which is available to accountants for keeping record of business transactions is called the Accrual Basis of Accounting. Accrual method of record-keeping means that the items are recorded in the books of accounts based on the Matching Principle. Hence, Accrual method means that any income which has been earned but which has perhaps not been collected, is recorded as an earning. Subscribe to: Post Comments (Atom). A site where you can have ea...

4

Accounting Concepts Explained: MATERIALITY AND AUDIT

http://concepts-accounting.blogspot.com/2009/09/materiality-and-audit.html

Wednesday, September 30, 2009. Materiality is a concept which is of huge importance in the Audit of an organization. An item which appears in the Financial Statements of an organization can be termed as material if the omission of it from the Financial Statements results in some serious distortion. Likewise, if the same item is mis-stated and that also causes some serious fallacy then such an item is termed as Material. Subscribe to: Post Comments (Atom). Welcome To Accounting Concepts Explained!

5

Accounting Concepts Explained: Budgets - An Overview

http://concepts-accounting.blogspot.com/2009/09/budgeting-involves-setting-out-plan-of.html

Wednesday, September 30, 2009. Budgets - An Overview. Budgeting involves setting out a plan of action which serves as a yardstick to measure the future performance of a business. Secondly it also helps motivate the staff by setting some targets for them, so they strive harder and the organization benefits from it. The outcome of the entire budgeting exercise depends on how it is implemented within the organization. Subscribe to: Post Comments (Atom). Welcome To Accounting Concepts Explained! A site where...

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concepts-accounting.blogspot.com

Accounting Concepts Explained

Wednesday, September 30, 2009. Materiality is a concept which is of huge importance in the Audit of an organization. An item which appears in the Financial Statements of an organization can be termed as material if the omission of it from the Financial Statements results in some serious distortion. Likewise, if the same item is mis-stated and that also causes some serious fallacy then such an item is termed as Material. Budgets - An Overview. Budgeting involves setting out a plan of action which serves a...

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