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Accountancy Resource List

Financial Accounting Standards Board (FASB)

Financial Accounting Standards BoardEXPLAIN RECENT CHANGES AT FASBIntroductionThe FASB is the independent institution that was established in 1973. It is a private sector not for p...


1a) Existence means that assets, assets, and equity interests (capital and reserves) are physically present or belong to the entity on the reporting date.b) Ownership means that wh...

Understanding your business and planning for the future

Many businesses start with a great idea and grow organically for a few years, making the most of opportunities that arise without a clear plan, and as long as the cash flow is okay, o...

VAT/Indirect Tax

In UK a business can register for VAT if its turnover is above prescribed limit (as per recent finance act). When a business pays for taxable supplies,VAT paid by the business call...

Accounting terms

Accounting Terms Accounting Equation - The Accounting Equation is Assets = Liabilities + Equity. With accurate financial records, the equation balances. Accounting - Accounting ke...

Employee shareholding vehicle rejected

The government will not proceed with plans for a new employee shareholding vehicle, it has been announced. The decision follows a summer consultation, which was based on a 2013 pro...
Abdul Qayoum

IAS 19 and Employee's Benefits

INTRODUCTION The entire world has been moving with an accelerating pace which apprises continuously that the world is on the peak of innovation and globalization in which any happeni...

Exams - No Problem!

I do not want to start with saying that you should study for 5 hours from the very first day of your term, otherwise I am sure that you will run away. Passing the exam with good grade...
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