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Accounting Analysis
Comparative analysis and interpretation of accounting data is called Accounting Analysis. When accounting data is…
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Management Accounting – Ratio Analysis
Ratio is an expression of relationship between two or more items in mathematical terms. Exhibition…
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Cash Flow Indirect Method
● Two Balance Sheet requires. ● No need of Profit & Loss account in Indirect Method. ● Non…
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Non-Cash Transactions
Some investing and financing activities do not have any direct impact on cash flows. For…
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Management Accounting – Cash Flow
It is very important for a business to keep adequate cash in hand to meet…
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Treatment of Some Typical Items
The treatment of some typical cash flow items is discussed below. Extraordinary Items Inflow or…
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Classification of Cash Flows
According to AS-3 (Revised), cash flows should be classified in three main categories: ● Cash Flow…
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Management Vs. Financial Accounting
All monetary transactions are recorded in the books of accounts on historical cost basis. Financial…
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Management vs. Cost Accounting
Management accounting collects data from cost accounting and financial accounting. Thereafter, it analyzes and interprets…
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Dual Aspect Concept
There must be a double entry to complete any financial transaction, means debit should be…