From humble beginnings, the global outsourcing market has grown at a rapid rate as governments realize the economic benefits of providing services for other nations. This is particularly so in the accounting and bookkeeping sector, with several countries particularly invested in nurturing such talent. Another ... ادامه مطلب

In this example, they would likely have been better off buying Firm A's standard bond and holding it for 30 years. On the other hand, the investor would be better off with Firm B's callable bond if rates stayed the same or ... ادامه مطلب

It is organized by breaking down the overall project into small, more specific tasks. It contributes to tracking revenue and enables standardized reporting of profitability by job. Many construction contracts include retainage — also called retention and hold back— which ... ادامه مطلب

This typically occurs when the dividend is declared by the board of directors and approved by shareholders, if required. The timing of recognition is crucial for ensuring that financial statements accurately reflect the company’s obligations and financial position. As the ... ادامه مطلب

In many instances, an accountant prepares the initial chart, and the bookkeeper references it while recording transactions. If you’re paying your taxes in instalments, quarterly and even monthly financial reports can really come in handy. A clear picture ... ادامه مطلب

As this is not adjusted automatically in the statement of changes in working capital (not being a current asset), separate treatment is required. If the closing balance of a long-term investment is lower than the opening balance, the difference is ... ادامه مطلب