company’s human resources is valuable and should be disclosed to the stakeholders. However, under the current accounting principles there is a lack of both correct measurement and correct disclosure of human resources in the financial reports. Although firms devote significant investments in its human resources; the problem is that these investments are immediately expensed in the financial statement. Besides, the traditional model
Uniformity of accounting principles had been an issue of debates among Accounting Professionals for a couple of years. This quest gave birth to the modification of existing Accounting Standard and establishment of International Financial Reporting Standards (IFRS). An Accounting Standards is a rule or sets of rules, which prescribes the methods by which accounts should be prepared and presented. This regulatory framework of accounting is issued by the international accounting body of the accounting profession
Self -Reflection on Module 8.2a Financial Management Before the commencement of the sub-module 8.2, we were supposed to choice either 8.2a (Financial Management) or 8.2b (Investing Social Security Reserves), because the sub-module is divided into two. I have decided to take the sub-module 8.2a, and during online VC sessions, I have had gained some basic knowledge from this subject (Financial Management). For me, this is the first time I had chance to learn about the subject, before that I have
business activity. Thus, the management is interested in financial accounting to find whether the business carried on is profitable or not. The financial accounting is the “eyes and ears of management and facilitates in drawing future course of action, further expansion etc.” iii. Creditors: Creditors are the persons who supply goods on credit, or bankers or lenders of money. It is usual that these groups are interested to know the financial soundness before granting credit. The progress and prosperity
deal in Successful way and Accounting is also an integral part of our life. This Research provides the Methodology of Islamic Accounting, discussed the features, the objectives and the principles of Islamic accounting, the differences between Islamic and conventional accounting, the different Islamic accounting practices and the way it is presented in the balance sheet. The objective of the research is to increase the knowledge of the readers about the Islamic accounting and to know the extent of
regarding to financial analysis who has MBA and engineering degree and he teaches financial statement analysis and accounting in EMBA programme. He is also a reviewer of academic journals and contributed to publishing newspaper and business magazines. BIKKI JAGGI who has a PHD in Accounting and is a professor of information system and accounting, his expertise includes financial, social and international accounting. Journal articles regarding to accounting review, international journal accounting and public
Is a set of accounting standards and interpretations issued by the International Accounting Standards Board These standards aim to develop operations and calculations where the standards become more quality and effectiveness and be understood and participants have the ability to apply them in the global capital market, Depends are so many countries in the world standards and some other countries abandoned uncle statehood and international standards adopted. And due to the importance of standards
Public accounting firms can be seen as firms of accountants that work for clients such as businesses, individuals, non-profits and governments. The utilities provided by public accounting firms will differ by the size and the skillfulness of the firm. There are some of the public accounting utilities: preparation, review, and auditing of financial statements, tax work including the preparation of income tax returns, and estate and tax planning, and consulting and advice involving accounting systems
The Impact of Accounting Information System (AIS) on Small and Medium Enterprises Introduction of an Accounting Information System – AIS An Accounting Information System (AIS) is the collection, storage, processes, analyses and disseminates of financial and accounting data used by internal management to report information to owners, investors, debtors, creditors also government tax authorities. An accounting information system is a subset of Management Information System (MIS) which
understate the importance of Accounting in companies and the business world as a whole. It is because of my recognition of the importance of accounting that I have decided to seek further education and a career in this field. After careful consideration, it has become clear to me that developing a successful career in accounting in the modern business environment requires advanced training in accounting and related subjects. I am motivated to study in your master’s program in Accounting, by an awareness