Accounting

Corporate Compliance with IAS Regarding Income Tax

Corporate Compliance with IAS Regarding Income Tax

Here briefly prescribe the accounting treatment for income taxes. Major focus on Corporate Compliance with IAS Regarding Income Tax. Income tax systems exist, with varying degrees of tax incidence. Income taxation can be progressive, proportional, or regressive. When the tax is levied on the in.....

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Implicit Taxes

Implicit Taxes

Implicit Taxes the pre-tax investment returns available on tax-favored assets are less than those available on tax-disfavored assets. Taxpayers wishing to obtain the tax-favored treatment offered by the investment bid up the price of the investment lowering the pre-tax return. Implicit Tax arise.....

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Presentation on Cost and Management Accounting

Presentation on Cost and Management Accounting

General purpose of this study is to present on Cost and Management Accounting; here briefly focus on Beximco Consumer product limited. Management Accounting emphasis is placed on the concepts and procedures of product costing, as well as strategies that help the manager to perform the functions.....

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Nature of the Audit Reports of the Listed Companies in Bangladesh

Nature of the Audit Reports of the Listed Companies in Bangladesh

EXECUTIVE SUMMARY The internship report is prepared with respect to the three months internship program in MARHK & Co. (Chartered Accountants). Reports are essential to audit and assurance engagements because they communicate the auditor’s findings. Users of financial statements rely on the.....

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Assignment on Recent Trends in Accounting

Assignment on Recent Trends in Accounting

Introduction: Today’s business environment and the current economy are such that many organizations are continuously looking at cost-cutting measures, ensuring that the organization is operating at peak state, is attuned to the rapid changes of high tech as well as on-going development of long-.....

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Accounting for Deferrals

Accounting for Deferrals

Accruals are defined as recognition of revenue or expenses before cash is received or paid. However, accrual accounting does not only relate to events with cash moving afterwards, but also to situations with cash moving before recognition of revenue or expenses. A deferral refers to recognition o.....

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Assignment on Account Opening

Assignment on Account Opening

Introduction Bank account is a contractual agreement between a bank and its customer, allowing the customer to use bank service for a fee. Accounts may be established in the name of individuals or firms. There must be some recognizable course or habit of dealing between the customer and the banke.....

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Assignment on Accounting for Inventories

Assignment on Accounting for Inventories

Introduction to inventory cost flow methods Previously when we talked about inventory, we assumed that inventory costs did not change. However, inventory purchase prices fluctuate which results in varying inventory costs. That is why there is a question of which cost to allocate to the cost of go.....

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Sum of the years Digits Method

Sum of the years Digits Method

Sum-of-the-years-digits method applies a decreasing rate to the asset depreciate value and produces a decreasing depreciation expense over the useful life of the asset. The decreasing rate equals the fraction of a current year’s digit to the total of all year digits in the asset useful life.....

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Contemporary Issues of Cost and Management Accounting in Bangladesh

Contemporary Issues of Cost and Management Accounting in Bangladesh

Abstract Cost and Management Accounting practice helps an organization to survive in the competitive, ever-changing world, because it provides an important competitive advantage for an organization that guides managerial action, motivates behaviors, supports and creates the cultural values necess.....

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How to Inventory Control

How to Inventory Control

Inventory control means keeping the overall costs associated with having inventory as low as possible without creating problems. This is also sometimes called stock control. It is an important part of any business that must have a stock of products or items on hand. Correctly managing inventory c.....

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Accounting for Accruals

Accounting for Accruals

Cash and accrual bases of accounting We have discussed transactions that include direct and immediate cash flows. Cash was received in the period of earning revenue, or cash was paid in the period of incurring expenses. This is called cash accounting. Cash (or cash-basis) accounting recognizes th.....

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