Learn What? Study of Accounting Concept and Conventions!
Understanding and Learn What? Study of Accounting Concept and Conventions! Accounting in the past was mainly used to (1) keep control over … Continue Reading
Accounting
Accounting is the systematic process of recording, summarizing, analyzing, and reporting financial transactions of a business or organization. It involves tracking income, expenses, assets, and liabilities to produce financial statements (e.g., balance sheets, income statements), ensuring accuracy, compliance with laws, and transparency.
Accounting helps stakeholders—such as owners, investors, and regulators—understand financial health, make informed decisions, and plan strategically. Key branches include financial, managerial, and tax accounting. By standardizing financial data, accounting supports accountability, efficiency, and legal integrity. Forming the backbone of economic systems and business operations worldwide.
Learn What? Basic of Accounting!
Understanding and Learn What? Basic of Accounting! The business enterprises use accounting to calculate the profit from the business activities at … Continue Reading
The similarity between Financial and Management Accounting!
Financial and management accounting plays an important part in the accounting information system. They co-exist in enterprise production and operation … Continue Reading
Difference between Cost and Financial Accounting
Cost Accounting and Financial Accounting Difference: Cost Accounting refers to that branch of accounting that deals with costs incurred in … Continue Reading
Cost Accounting and Management Accounting Differences
A common question asked around, What is the Difference between the Cost Accounting and Management Accounting? Conversely, management accounting is the type of accounting which assist management in planning and decision-making and thus known as decision accounting. Also learned, Financial and Management Accounting. So, what we Explain; the Difference between Cost and Management Accounting.
Creative Accounting: Methods, Techniques, and Prevention
Definitions of Creative Accounting: The term ‘creative accounting’ can define in several ways. Initially, we will offer this definition; “A process … Continue Reading
Creative Accounting: Definition, Motivation, and Ethical Considerations
Creative accounting is a euphemism referring to accounting practices that may follow the letter of the rules of standard accounting … Continue Reading
What are the Role and Duties of the Management Accountant?
Management Accountant is an officer who is entrusted with the Management Accounting function of an organization. He plays a significant role … Continue Reading
Cost Accounting: Objectives, Nature, and Scope
Cost accounting examines the cost structure of a business. It does so by collecting information about the costs incurred by … Continue Reading
Management Accounting: Objectives, Nature, and Scope
Discuss the topic, Management Accounting: Meaning of Management Accounting, Definition of Management Accounting, Objectives of Management Accounting, Nature and Scope of Management Accounting, and Limitations of Management Accounting!