What Is EBITDA
What Is EBITDA? EBITDA, or profits prior to rate of interest, tax obligations, devaluation, and also amortization, is an alternating measure of productivity to take-home pay. By removing out the non-cash …
What Is EBITDA? EBITDA, or profits prior to rate of interest, tax obligations, devaluation, and also amortization, is an alternating measure of productivity to take-home pay. By removing out the non-cash …
What Are Out of Pocket Meaning or Maximum? Out-of-pocket expenses are referred to costs that individuals pay out of their cash reserves. This phrase is most often used to describe the …
Know Big 4 Accountants Near Me As we know, Top 4 big accounting firms in this world. So, we are going to dive deep and know about the Top 5 accounting …
Introduction of Gross Salary Our careers many times usually play a very critical role in making us a responsible type of individuals. For some people, making a career or getting a …
What is Expected Value Calculator? The expected value is basically considered as an anticipated benefit for investing in the future. In probability and statistics analysis. Expected value can be just calculated …
What is Figurative Language? Figurative language describes the use of words in such a way that deviates from the standard order and also meaning in order to share a complex definition, colorful …
What are Property, Plant, and Equipment? Property, Plant, and Equipment are mainly to be considered as physical or a tangible type of assets. These assets are also called as long-term assets. …
What exactly is Business Law Essentials Free and Why Is It Important? The law of business is an important specific section of code which is responsible for protecting liberties and rights, …
What is Fixed Assets? Fixed Assets definition A long-term part of a property is a fixed asset that a company possesses and utilizes to generate its revenue. It is not anticipated …
Introduction to the gross margin ratio- The gross profit margin is also known as A Gross margin. It is a financial metric that indicates how efficient a business manages its operations. …
What Is Business Ethics? Business values is the research study of suitable service policies and practices regarding possibly questionable topics including company administration, insider trading, bribery, discrimination, business social obligation, as …
What are financial ratios? Financial ratios are very useful tools that help business managers and investors to analyse and compare the financial relationships between the accounts on the firm’s financial statements. …
What is dividend payout ratio? The total amount ratio of dividends paid out to the shareholders relative to the company’s net income is the dividend pay-out ratio. It is the percentage …
What is the debt to asset ratio? A leverage ratio that helps in quantifying the degree to which various debts fund a company’s operations is the debt to assets ratio. In …
What is leverage ratio Formula? A leverage ratio is a kind of financial ratio that provides help for measuring a company’s various debt levels. It is a measurement that also helps …
What is Accumulated depreciation? Accumulated depreciation is an example of the total depreciation for a fixed asset that has been charged for the expenses since that asset was acquired and was …
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What is EPS Earnings per share ? Earnings per share is a number that describes the portion of a company’s profit that is allocated for each stock. Earnings per share are …
What is the profit margin formula? The most commonly used profitability ratio is the profit margin used to measure how a company or a business activity is making money. It also …
What is Price-earnings ratio ? The Price-earnings ratio, mainly known as P/E ratio or P/E, or short-form as PER, is the ratio of a company’s which share a price to the companies by earnings per share. This ratio …
What is the Debt Service coverage ratio? The debt-service coverage ratio is applied to the corporate, government, and personal finance institutes. According to the eyes of corporate finance, the debt-service coverage …
Introduction to Contribution Margin Ratio. The contribution ratio is the financial metric used by many companies, which helps decide whether to discontinue selling various products and services. For example, suppose a …
What is Asset turnover ratio? An equation of your asset turnover ratio help’s you figure out how you are using your assets to generate sales. In much easier terms, finding your …
What is the Fixed Assets Turnover Ratio? When we talk about improvement or prediction of a company’s performance, then a lot of unique insight is needed by the leadership team. As …
What is Inventory Turnover Ratio? The rate of a company replacing inventory in a given period due to sales is known as Inventory Turnover. Calculation of a company’s inventory turnover gives …
What is Debt to Income Ratio? In the Debt to Income Ratio, a percentage mainly helps lenders understand how much money they spend against how much money lenders have back in …
What is Acid Test Ratio formula ? Acid Test Ratio formula also has another name as Quick test ratio. It is a kind of liquidity ratio that usually helps the company/firm …
What is Annual Income means Income? Annual income is the total value of revenue gained throughout a fiscal year. Gross annual earnings describes all incomes prior to any deductions are made, …
Working Funding Formula & Ratio: How to Compute Working Capital ? Capital is the money a service can swiftly tap into to meet everyday monetary obligations such as wages, rent and …
Budget 2023 LIVE Updates: Revised tax slabs under new tax regime Under new tax regime, income of Rs 0-3 lakh is nil. Income above Rs 3 lakh and up to Rs …
What is the Debt to Equity Ratio? The debt to equity ratio is usually used to estimate a company’s economic leverage. It is designed by dividing a company’s total liabilities by …
What is a Current Liability? An existing obligation is a responsibility that is payable within one year. The cluster of liabilities comprising current obligations is very closely watched, for a business …
What is the Current Ratio? The current ratio is also called a working capital ratio. This measures a company’s capacity to pay a company’s obligations or those due within one year …
What is Equity Multiplier Formula? The equity multiplier formula is one kind of financial ratio that mainly determines how a company’s assets are funded, especially its shareholders. It is arrived at …
What is debt to equity? The debt to equity ratio is basically being used to mainly evaluate a company’s financial leverage. It is mainly calculated by just dividing a company’s total …
Figurative Language A language made use of to communicate a complex meaning, colorful writing, clearness, or expressive contrast. Figurative language is mainly a way of expressing or knowing oneself that does …
What Is Quick Ratio Formula? The quick ratio Formula is referred to as an enterprise’s capability to cater to its short-term liabilities by converting its nearly available possessions or assets. To …
What are Times Interest Earned Ratio? Times interest earned ratio is among the commonly known and used financial ratios in marketing and finance. There are different ratios in which a company …
SENIOR ACCOUNTANT SALARY A senior accountant is a person who takes total ownership of the reporting costs. He or she also takes part in numbers calculation. This is with regards to …
Per Diem meaning Per Diem meaning is a daily allowance paid mainly to an employee, basically covering costs incurred on a company trip. Business expenses mainly include accommodation, transportation, food, and any other …
What Are Factors of Production? Elements of production are the inputs needed for creating a great or service, and the aspects of production include land, labor, entrepreneurship, and also resources. In …
What are Credit Sales? There are two types of Sales. One is Cash Sales and another is credit Sales. CASH Sales:- Any goods or services which are sold in Cash or …
Golden rules of Accounting is mainly understanding the accounting system of debits and a credits. It may require a very sophisticated employee. The accounting system of a debit and a credit …
What is an IFSC Code? IFSC is a phrase for Indian Financial System Code. IFSC code is a distinct eleven-digit number which is a combination of alphabets and also characters. It …
A cheque is a negotiable instrument that orders the bank to pay a specific amount from the bank account of the drawer to whomever it is issued or to the order …
C.A. NadeemMy Name is Nadeem Shaikh the founder of nadeemacademy.com. I am a Qualified Chartered Accountant, B. com and M.Com. having professional and specialize experience in field of Account, Finance, and Taxation. Total experience …
ITR Filing Deadline FY 2022-23 (AY 2023-24) Final Day to Filing ITR IRS Tax Due Date The deadline to file income tax returns is the day that the returns must be …
Difference between semimonthly and biweekly payroll The main difference between a biweekly and biweekly pay period is that the semimonthly payroll pays 24 times per year while the biweekly one is …
What is Book value per share known as BVPS ? Book value per share known as BVPS, is calculated by dividing the equity available to common stockholders by the number of …
Predetermined overhead rate definition An overhead rate, or predetermined overhead rate, is an allocation rate used to calculate the cost of manufacturing overhead and cost objects for a particular reporting period. This …
What is a Journal Entry? A journal entry is used for recording a business transaction in an accounting record. A journal entry is typically recorded in the general ledger. However, it …
Year-Over-Year (YoY) Analysis: Definition, Calculation and Examples Year-over-year (YoY) can be described as a type of financial analysis that companies use to determine the business’s performance. If you’re a finance professional …
Investment Calculator Principal Amount: Interest Rate (%): Time Period (years): Calculate C.A. NadeemMy Name is Nadeem Shaikh the founder of nadeemacademy.com. I am a Qualified Chartered Accountant, B. com and M.Com. having …
What’s Eway Bill? Rules and Generation Process. Latest Update as of 22nd December 2020 1. For determining validity, the CBIC increased the daily distance for goods transporting through vehicles. It is one …
PF Balance Check – How to check EPF Balance of Account ? Using the Mobile number or UAN and without UAN Number. Employee Benefit Fund (EPF) is an investment tool for …
Each account number is an unique identification number that can help you protect your data, funds and other assets secure. The most popular types of account numbers is your bank account …
Budget 2022 Updates has Announcements FM Nirmala Sitharaman on Parliament : The Economic Survey has released which relive that 31st forecasts an about 8 per cent to 8.5 per cent will …
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What is GAAP ? GAAP is an abbreviation which stands for Generally Accepted Accounting Principles. GAAP is a set of standard accounting practices and general industry practices developed over the years. …
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What Is an Entrepreneur ? A business owner is an individual who produces a new organization, birthing a lot of the risks and also appreciating a lot of the rewards. The …
The undergraduate business program rankings were based solely on peer assessment surveys. To appear on these surveys, undergraduate business programs must be accredited by AACSB International. Best Accounting Schools in the …
What is the difference between gross and net income ? The distinction in between gross as well as earnings. Gross vs. Net Income for a Business The principles of gross and …
P O System for Small-Scale Businesses Improve Small Business Spending by implementing an automated Purchase Order System According to the Annual Survey of Entrepreneurs conducted by the Census Bureau, small businesses …
Accounts receivable asset or Liability When businesses extend credit to their customers to purchase products and services they’ve offered, the amount the company is owed is known by the term “accounts …
Rent-to-Own Homes What to look for as well as the steps and also options entailed If you resemble a lot of buyers, you’ll require a mortgage to fund the acquisition of …
IND AS 8 ACCOUNTING POLICIES, CHANGES IN ACCOUNTING ESTIMATES AND ERRORS DOWNLOAD FREE BOOK IND AS ON MCA PORTAL CLICK THE LINK How to apply the changes in accounting policies ? …
To visit mention local Taxpayer Assistance Center, you will be : Find the office you have to mainly visit Also Make an appointment by just calling the appointment with number for …
Know Executive accountant salaries What is the average salary an Executive Accountant earn? An Executive Accountant from the US earns $58,000. Executive Accountants earn the highest of it in New York …
Stakeholder vs Shareholder : An Overview When you invest in a business, there are shareholders and stakeholders. Although they share similar names but their stake in a business is different. Shareholders …
IND AS 115 REVENUE FROM CONTRACTS WITH CUSTOMERS In this book you will be able to: Appreciate the scope and definition of the Identify the Comprehend the criteria for revenue Gain knowledge …
If you like to know Which of the following are considered to be a sunk cost? What is the sunk cost? A sunk expense is an expense that has already taken …
IND AS ON PRESENTATION OF GENERAL PURPOSE After studying this unit, you will be able to: Understand what are Indian Accounting Standards Appreciate the roadmap issued by various authorities for implementation …
FINANCIAL REPORTING UNDER INDIAN ACCOUNTING STANDARDS (IND AS) After studying this book, you would be able to: Understand the objectives of general purpose financial reporting Apply qualitative characteristics of useful financial …
What Is an Asset? A property is a resource with financial worth that a private, firm, or country owns or regulates with the assumption that it will supply a future benefit. …
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District of Columbia Tax Filing and Tax Refunds (DC Tax Refund) Part-time and full-time residents in Washington DC who must submit D.C. taxes must submit the state’s tax return. Part-time residents …
What is Retained earnings ? Preserved earnings are the advancing net earnings or revenues of a business after making up dividend payments. As an essential idea in accounting, words “preserved” captures …
What is Trustee Accounting? A trust accounting is a detailed record that contains information about all income and expenses for a trust. A trust accounting should include details about: Trust assets, …
Outline for the Article: The Accounting Equation: Everything You Need to Know Introduction Definition and importance of the accounting equation. Why it is the foundation of accounting. How businesses use the …
What is Operating Income? Operating income is called as Earnings Before Interest & taxes (EBIT) or operating profit. It is the revenue left after subtracting operational direct and indirect expenses from …
Purchase Price Allocation The most memorable moment in any M&A transaction is often when the deal is signed to buy or sell the company. It is just one stage in the …
What is the Specific Identification Method? This method is used to identify inventory value. It involves keeping track of every item in inventory and allocating costs separately. This is the way …
Introduction In finance many would like to know What is Equity. Equity is the ownership of assets with debts or other liabilities attached to them. Equity can be measured for accounting …
What Are the COGS (Cost of Goods Sold)? COGS (Cost of goods sold) is referred to the direct costs of the production of the goods which is sold by a company. …
What Is Accounts Receivable (AR)? An account receivable (AR) is the amount of money due to a company for goods and services delivered or used but not yet paid by customers. …
What is a Dividend? A dividend is issuing some of a company’s earnings to a class of its shareholders, as determined by its board of directors. Typically, Common shareholders of dividend-paying …
What Is a Limited Liability Company ? or What does LLC mean ? LLC means a Limited Liability Company. An LLC is a type of business structure in the United States. …
What is Profit & Loss (PnL) and how can it be defined? A profit and loss statement which is know as P&L) is a financial statement that summaries the revenue, expenses, …
Explanation of Manufacturing / What is Manufacturing ? Manufacturing is the term which is used when there is a processing of raw materials or parts into finished goods through tools, human …
FAQ Financials Accounting A) Duty of manager accounting and finance in NSIC at branch level ? Ans. The Duty of Manager Accounting and Finance in NSC at Branch Level is listed …
In detail What is due diligence mean ? Due diligence is a method of investigating, auditing or reviewing the performance that is confirming facts or details of a matter under consideration. …
What is a CEO (Chief Executive Officer)? A CEO stands for Chief Executive Officer, who is the highest-ranking person in a company or organization. The CEO is the person who responsible …
What is Total Revenue in details ? To know How to Calculate Total Revenue ? Total Revenue is the total income that can be generated from normal business operations, and it …
Know the in details what is Protectionism ? Protectionism is the economic policy that restricts imports from other countries through various methods such as tariffs on imported goods, import quotas, and …
Introduction of Sole Proprietorship When you are looking for Sole Proprietorship Examples you need to understand the Individual entrepreneurship, sole tradership, or proprietorship is also known as a sole proprietorship. It …
What is an Single Step Income Statement? An income statement is considered as one of the three major financial statements used to report a company’s financial performance at the term of …
What is classified Balance Sheet ? The balance sheet is reviewed as one of the three major fundamental financial statements and is key to financial modeling and accounting. The balance sheet also …
INTRODUCTION AND OBJECTIVE Ind AS 41, Agriculture is the standard that is first specifically covering the accounting and reporting requirements for the primary sector. Before this standard, there were no establishment …
OBJECTIVE Non-Current assets held for sale are presented separately from other assets in the Balance Sheet as their classification will change. The value will be principally recovered through a sale transaction …
Objective and Complete details Ind AS 40 Investment Property The objective of IND AS 40 standard is for prescribing the accounting treatment for property (land or buildings) which is held to …
OBJECTIVE The objective of this Standard is for authorizing the accounting treatment for intangible assets that aren’t dealt with specifically in another Standard. This Standard also requires an entity for recognizing …
Objective Ind AS 36 Impairment of Assets ? The main objective of this Standard is to prescribe the method that an entity is applying for ensuring that its assets are not …
What Is Straight Line Depreciation? Straight line depreciation is an usual technique of devaluation where the value of a fixed asset is minimized over its useful life. It’s made use of …
What is Liability? Liability is a term in accountancy that is used to define any type of economic responsibility that a service needs to pay at the end of a bookkeeping …
CORE PRINCIPLE Ind AS 23 Borrowing Costs Accounting Standards The core principle of Ind AS 23 states that: Borrowing costs that are directly attributable to the acquisition, construction or production of …
Know All about Ind AS 116 Leases Accounting Standards The MCA (Ministry of Corporate Affairs) has notified new standards on leases, i.e., Ind AS 116 vide its notification dated 30th March …
The Ministry of Corporate Affairs (MCA) has actually announced a new format of legal audits of firms. The MCA has informed Companies (Auditor’s Record) Order, 2020 on 25 February 2020 (CARO …
Kinds of Assets What are the Key Types of Assets ? A Assets is a resource had or controlled by a specific, corporation, or government with the assumption that it will …
Objective of Ind AS 16 Property, Plant and Equipment Accounting Standards The objective of this Standard is for prescribing the accounting treatment for Property, Plant, and Equipment (P, P&E) so that …
Know All about Accounting Standards IND AS 2 Inventory The objective of this Standard is for prescribing the accounting treatment for inventories. This Standard guides determining the cost of inventories and …
To know First time complete details of Adoption of Ind AS 101 Ind AS 101 usually prescribes the accounting principles for the first-time the adoption of Ind AS. It have been …
Accounting Standard Ind AS 102 Share Based Payments As the name suggests, it is a payment based on the price or value of shares. Entities often grant shares or share options …
Accounting for Government Grants Accounting Standard IND AS 20 The government permits entities for various purposes, which also includes industrial, geographic and social development, for facilitating the flow of foreign investments …
All details about Indian accounting standard 113 i.e. Ind AS 113. WHAT IS FAIR VALUE? Normally assets and liabilities have being exchanged between parties at a particular agreed terms and conditions …
IND AS 8 on Accounting Policies , Changes in Accounting Ind AS 1 also narrates the importance of accounting policies, but Ind AS 8 takes a step further and gives a …
Introduction of IND AS 115 This standard can establish principles for reporting useful information about the amount, timing, nature, cash flows, uncertainty and revenue arising from a customers contract. The basic …
Interim Financial Statements is applied for Reporting when an entity is preparing for an interim financial report. Ind AS 34 is not mandatory for an entity as to when to construct …
Component of Cash Flow Statement Financing Activities Cash flows which are arising from taxes on Financing should be separately disclosed. They shall be classified as cash flows from operating activities unless …
What is a use of Statement of Cash Flows Reports ? The balance sheet is considered as a snapshot of the entity’s financial resources and obligations at a particular time. The …
Main A common set of Accounting Standards and Procedures The Conceptual Framework of Financial Reporting under the standards of Indian Accounting describes the objective and the concepts and general purpose of …
Introduction of Financials Statement of Reporting Entity As we have discussed in chapter 1 and 2 about the information which is provided for the general purpose of the financial reports, and …
What are Framework for Financial Reporting IND AS 1 ? The characteristics of qualitative useful financial information discussed in this chapter identify the types of information that are likely to be …
Brief Background of Financial Reporting under IND AS To form the foundation of the Conceptual Framework, the objective of general-purpose financial reporting is necessary. Other aspects of the Conceptual Framework are …
What Is the Meaning of Paid Up Capital? The money that a company receives from shareholders in exchange for its stock shares is known as Paid-up capital. Paid-up capital comes into …
How To Plan for College College Preparedness Overview What does it mean to be all set for university? There are some vital actions to take during secondary school. Here are 11 …
What is Financial Preparation and Evaluation (FP&A)? Financial Planning and also Analysis (FP&A) interplay an essential duty in business by performing budgeting, forecasting, as well as analysis that support major business …
Introduction to Marginal cost formula: According to economic science, the price incremental cost differential cost monetary value price cost could be quite a modification within the total cost that arises once …
What is Short Interest? Short passion describes the number of shares sold short however not yet redeemed or covered. The brief interest of a firm can be shown as an outright …
The UK contains business owners who understand their industry from top to bottom. They use that expertise to create new possibilities and become the very best in their area. Hundreds of …
What is the meaning Perpetual Inventory system? Perpetual inventory is basically known as the continuous accounting practice which records inventory changes in a real-time. without any of physical inventory, so that …