by Syed Nasr | Apr 16, 2020 | English Topics, Uncategorized
The floorspace method deals with supplies (sales and rental) of commercial and residential properties, including real estate companies. This method calculates the apportionment percentage for residual input tax by identifying the proportion of the floorspace used for...
by Noorjahan S. Yargatti | Apr 16, 2020 | English Topics, Uncategorized
The prominent features of this development are evident in the following brief definitions The American Accounting Association (AAA) point out that external audit is a systematic and objective process of obtaining and evaluating evidence concerning facts and economic...
by Noorjahan S. Yargatti | Apr 15, 2020 | English Topics, Uncategorized
To solve the organization problems relating to their different departments, Business process Out Sourcing (BPO) Services come into exitance, wherein business entities offer their rights to BPOs to work on behalf of them and maintain their accounting records. Some core...
by Noorjahan S. Yargatti | Apr 15, 2020 | English Topics, Uncategorized
The auditor’s opinion basically makes or breaks the reliability of the financial statements and the information they provide. Audited financial statements have an extremely high degree of reliability and validity in comparison with unaudited statements. In simple...
by Syed Nasr | Apr 15, 2020 | English Topics, Uncategorized
There are many differences between traditional auditing and Risk-based auditing. Traditional auditing is associated with conducting tests to issue an opinion on the fairness of the financial statements of the company being audited. Those tests include, tests on...
by Syed Nasr | Apr 15, 2020 | English Topics, Uncategorized
Financial Reporting is an important component of accounting of an organization. It consists of 1) Financial Statements, and 2) Notes to the Financial Statements. According to International Accounting Standard Board (IASB),...
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