My Finance Blog
Reading Time: 6 minutesTax accounting and Financial Accounting are two similar terms as mentioned below: Accounting plays a crucial role as it works as support structure for the financial processes…
Reading Time: 4 minutesWhen it comes to the financial management and accounting, static budget variance is vital to help understand a company’s performance to its planned targets. From the very…
Reading Time: 5 minutesIntroduction Cost drivers are those factors which contribute to adding or reducing cost in any activity or process. However, they form a starting point for apportioning costs…
Reading Time: 6 minutesWhat is accured revenue? Accrued revenue is revenue for which customers have been billed but have not yet paid because the product or service being billed has…
Reading Time: 7 minutesOverview It turns out the rules around systems that are currently labeled as SaaS business are much more different from the rules that will be more familiar…
Reading Time: 8 minutesOverview There is no doubt that the general guidelines for accounting for marketing costs are elementary to grasp for any organization. The first of them is the…
Reading Time: 7 minutesInvestment accounting refers to the handling and recording of investment portfolios. Investment accounting software aids the investors in tracking investments, their performance, and set objectives. Basic accounting…
Reading Time: 8 minutesOverview When a life insurance policy is purchased by a private corporation all the beneficial interests of the policy hold by the corporation on behalf of its…
Reading Time: 6 minutesBalance sheet It would be a balance sheet in nature that represents the major indicator of the financial status of the business, worldwide, especially in India. It…
Reading Time: 5 minutesAccounting plays the pivotal role to the financial management because it helps them to record as well as report the financial activities. Accounting mechanical and at the…
Reading Time: 5 minutesCost of capital is an fixed role in finance as it discloses the cost that a firm needs to incur in order to source the amount wanted…
Reading Time: 8 minutesThis is the coefficient of variation, one of the most frequently used statistical measures giving the degree of variability relative to the mean of a data set.…
Reading Time: 6 minutesOne of the leading volatility indicators used in the financial world is the Average True Range, or ATR. It is used both by traders and investors alike…
Reading Time: 5 minutesAPR is one of the most vital financial aspects that could determine how possible consumers manage their loans or credit cards, or other forms of borrowing. The…
Reading Time: 5 minutesDefinition of Book Value Net or book value refers to the value of the fixed asset or value assigned to an enterprise in the balance sheet. The…
Reading Time: 2 minutes 1. OCF (Operating Cash Flow): Definition: Operating cash flow is the inflow of money as well as outflow of cash which a firm generates through its…
Reading Time: 4 minutesChartered Accountant (CA) is a respected and versatile financial professional playing a very important role in the business world. One knows it by the names accounting, auditing,…
Reading Time: 4 minutesAn Auditor is crucial for maintaining financial integrity in the world of business, finance, and governance. They work to ensure that every financial statement in the company…
Reading Time: 3 minutes Business transaction analysis is the correct tool in accounting and financial reporting. Every business transaction conducted on a sale side or expense level impacts the financial…
Reading Time: 4 minutesBank reconciliation is a very important accounting process which ensures that all cash balances recorded in a company’s accounts are correctly stated to be those maintained in…
Reading Time: 4 minutes No doubt, a cost accountant may not be the most prominent person to show his face in a business, but perhaps they are one of the…
Reading Time: 4 minutesSplit payments have become one of the latest retail common places as digital payment methods are advancing. It allows customers to make payments using more than one…
Reading Time: 5 minutesForensic accounting is the application of accounting and auditing combined with investigative expertise directed towards any financial records and transactions to detect fraud or other forms of…
Reading Time: 5 minutesThe Institute of Cost Accountants of India is a professional body governing and developing the cost and management accounting profession in India. The ICMAI greatly trains professionals…
Reading Time: 3 minutesThe staff accountant is one of the most elementary job roles found in accounting departments of various organizations. The job roles of staff accountants entail working for…
Reading Time: 3 minutesFinancial accounting and budgeting are properly understood only if one understands the difference between capital expenditure and revenue expenditure. This will help one assess financial health and…
Reading Time: 4 minutesRetained earnings is an integral concept to the theory of accounting and finance. They are part of the profits that a firm earns which, instead of being…
Reading Time: 4 minutesManagerial accounting and financial accounting are two different branches of accounting that have different purposes, target audiences, and reporting procedures. Both fields provide critical financial information; however,…
Reading Time: 2 minutesThe five primary financial accounts are crucial to understand a company’s financial health and performance. They provide insights into profitability, financial position, cash flow, and changes in…