Business

What are the functions of Cost Department? The Cost Department is responsible for keeping records associated with the accounting for…

What is the scope of Cost Accounting? Cost accounting is generally considered and discussed as being applicable only to manufacturing…

The framework of planning and controlling management activities :The effective use of company capital is one of management’s chief concerns.…

The three categories of financial assets and the accounting are: Debt instruments – measured at amortised cost if they meet…

Main criticisms of accounting for financial instruments that emerged during the financial crisis Main Criticisms of Accounting for Financial Instruments…

Highly effective and highly probable in the context of IAS 39 : There are 5 Qualifying Conditions For Hedge Accounting.…

Economic Hedge :Entities enter into hedge arrangements for economic reasons; to protect themselves from financial risks such as currency risk,…

Rights and obligations approach to the recognition of financial instruments. IAS 39 applies to contracts equally proportionately unperformed (where both…

There are various types of risks associated with the transactions of financial instruments. Each risks of financial instruments has its distinctive…

What is the purpose of disclosure requirements of IFRS 7? Purpose of IFRS 7’s disclosure requirements is to Enhance understanding…