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What Type Of Accounting Is Dividend Accounting?

WHY IS IT IMPORTANT? When a company is successful, its leaders may decide to pay out dividends to shareholders, so it’s important to account for these dividends in official records. Stakeholders may request to examine financial records, or regulatory bodies may require them. Proper accounting for dividends ensures that a company’s books remain complete and […]

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What Type Of Accounting Is Dividend Accounting?


How to Become a GST Practitioner?

Brief Overview A GST practitioner is an individual who performs a variety of GST functions on behalf of a Registered Person. For any issues with GST compliance, assistance can be sought from GSTP. A GST practitioner, who has been approved by the government to undertake any or all of the functions listed below on behalf of a taxable person. […]

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How to Become a GST Practitioner?


What is the Tally? How it’s Important?

Tally, essential accounting software has been known for its best in financial applications and accounting systems. A tally is an important tool in calculating monetary terms, accountancy, tax, and GST calculating, managing commercial transactions effectively and efficiently. The demand for Tally courses in India is increasing day by day. Tally ERP 9 is a complete […]

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What is the Tally? How it’s Important?


GST Practitioner Benefits, Qualification – All you want to know

A GST Practitioner is a type of consultant who offers online services to other taxpayers. A registered person can instruct an approved GST practitioner to provide information to the government on his behalf. If you want to acquire some stability in your professional life, a career as a GST Practitioner will help you. GST practitioners […]

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GST Practitioner Benefits, Qualification – All you want to know


What to Consider when Choosing an Auditing Course

If you’ve always been fascinated by a company’s finances and internal workings, becoming an auditor is the career path for you! While most people think of accounting as a unified field, the truth is that there is no single accounting career path. While practically all accounting occupations require a foundation of essential technical accounting skills […]

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What to Consider when Choosing an Auditing Course


Top Reasons to become an Accountant

Many individuals recognize the value of becoming an accountant; here are a few reasons why you should pursue this career path and enroll in accounting school. Today’s finance and accounting industry is massive, and accounting, in particular, is a critical component of most firms throughout the world. It can be difficult to know what to […]

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Top Reasons to become an Accountant


Accounting Interview Questions

Accounting is a fast-growing field with fierce competition for in-demand employment from both college graduates and seasoned professionals. It’s critical to do well in a job interview in order to land a decent job with the top compensation in the industry for the position you’re interviewing for. These basic accounting questions may be asked during […]

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Accounting Interview Questions


Target Costing

Target costing has recently received considerable attention. Computer-Aided Manufacturing – International defines target cost as & quota market-based cost that is calculated using a sales price necessary to capture a predetermined market share.” In competitive industries, a unit sales price would be established independent of the initial product cost. If the target cost is below […]

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Target Costing


GST

Goods and service tax also called GST is an indirect tax system implemented currently in 160 countries all over the world. A tax levied on goods and services provided or sold for domestic or household consumption is called Goods and Service Tax. The GST is mainly levied on consumers of goods and services, but the […]

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GST


Application of funds

The other side of the fund’s flow statement is the application of funds that side shows how the funds procured from different sources are allocated or used. There may be following uses or applications of the funds: Funds lost in Operations: Sometimes the result of trading in a certain year is a loss and some […]

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Application of funds


Management Accountants

Management accountants can use different costs and different information for different purposes because their discipline is not required to adhere to generally accepted accounting principles when providing information for managers’ internal use. In the United States, financial accounting standards are established by the Financial Accounting Standards Board (FASB), a private-sector body. There are no similar board […]

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Management Accountants


Role of External Auditor

External auditors help in ensuring good corporate governance by developing efficient crisis-management plans to be used in the event of allegations of corruption or fraud. A plan of this type involves assigning responsibilities to all administrative officials. Thus, if the company becomes involved in a crisis, officials have a plan to keep confidence among investors. […]

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Role of External Auditor


Strategic cost management

Strategic cost management (SCM) is again a decision making aimed at aligning the firm’s cost structure with its strategy and optimizing the performance of the strategy. In relation with environmental costs, there is the influence of one executional cost management tool, namely the tracking of environmental costs, on one important structural cost management activity, namely […]

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Strategic cost management


Advantages of an audit programme

The audit programme is helpful to the auditor in many respects. The merits of such an audit programme are Efficient distribution of work: The audit programme may be prepared to keep in mind the level of competence and experience of each staff member of the audit team. While senior audit clerk is given relatively complex […]

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Advantages of an audit programme


Types of Budget

Budget is based on efficiency and among it, the first one is the fixed budget in accounting. Fixed budget is one, which is desired for a specific plant output level and or not adjusted to the level of activities attained at the time comparison between the budgeted and actual cost. A fixed budget can be […]

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Types of Budget


Types of Budget

Fixed budget is one, which is desired for a specific plant output level and or not adjusted to the level of activities attained at the time comparison between the budgeted and actual cost. A fixed budget can be established only for a small period of time when the actual output is not anticipated to differ […]

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Types of Budget


Audit Risks

The main purpose of the audit is to provide evidence of a reliability of the information obtained from those which are entrusted by the management, to all interested parties. The management of the economic entity is obliged to create, implement and store accounting records and to take care of the preparation of financial statements in […]

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Audit Risks


Cost Accounting

Cost Accounting is very important for any organization. It helps management in different fields one of such fields is the presentation of information in the most useful manner. Cost Accounting is the method of measuring, analyzing or estimating the costs. Profitability and Performance of individual products, departments and other segments of an organization, for either […]

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Cost Accounting


Impact of Accounting

The accounting profession emerged as an integral part of the Industrial Revolution. The general aim of professional bodies in most English-speaking countries was to bring together those practising accountants who hoped to put the profession on a higher plane than it previously occupied in society and so raise its public esteem. This was achieved by […]

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Impact of Accounting


Professional Accountant

There have always been higher expectations on professional accountants and where such expectations are not met it creates expectation gap which may be costly for the profession since there will be a break of the existing social contract. This implies that a high level of ethical behaviour is imperative to the credibility and continuous existence […]

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Professional Accountant


Tax Practitioners

The three factors of benefits, fairness and moral obligation shape how taxpayers react to the tax authority’s expectations of compliance. The process of ‘sense making’ around benefits, fairness and moral obligation is ongoing, and is influenced by other people and alternative authorities that put forward their own interpretations and seek to influence taxpayer decisions. The […]

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Tax Practitioners


Management Accountant

A management accountant is a very important key person in the organization. His main job in the organization is planning and control. Planning is of two types. One is a short-term plan known as a budget. A budget is a quantitative expression of management’s short-term intentions. The budget serves also as a tool for coordinating […]

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Management Accountant


Management Information System

The information system is an integrated set of components for collecting, storing and processing data and for delivering information, cards, and digital products. A management information system is followed by several organizations to carry out and manage their operations, interact with their customers and suppliers, and compete in the marketplace Information system is a dynamic […]

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Management Information System


Ethics In Accounting

The role of accountants in timely and accurate preparation of financial reports is of vital importance in decision-making by investors, managers, and other senior managing directors. Sticking to the ethics in accounting also helps in ensuring compliance of internal control systems with standards. Therefore, accountants can recognise and measure resource wastage, investigate, and perform roles […]

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Ethics In Accounting


A GST Practitioner

The eligibility to get enrolled as a GST practitioner are: (i) Must be a citizen of India; (ii) Must be a person of sound mind; (iii)Must not be an insolvent; (iv)Must not have been convicted by a competent court for an offence with imprisonment not less than two years. In addition, the person should also […]

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A GST Practitioner