27/02/2011 - 06/03/2011

Risk Management What is RISK ? n n Risk can be considered “good”—that is, when the results are better than expected (higher returns)—or “b...

Owner's Equity (Shareholders Equity) Owner's Equity —along with liabilities—can be thought of as a source of the company's asset...

LIABILITIES Liabilities   They are obligations of the company; they are amounts owed to creditors for a past transaction and they usually h...

Certified Information Security Manager   ( CISM )   It is a certification for information security managers awarded by ISACA (formerly the...

Certified Information Systems Auditor   ( CISA ) Certified Information Systems Auditor ( CISA ) is a professional certification for informa...

The Chartered Financial Analyst (CFA)  It is an international professional certification offered by the CFA institute (formerly AIMR) to fi...

  PROVISION V.S. RESERVE  In the U.S. the use of the word reserve has been discouraged for several decades. In its place, the accounting pr...

TYPES OF ACCOUNTS IN ACCOUNTING Although businesses have many accounts in their books, every account falls under one of the following five c...

How to Calculate Retained Earnings? The formula to calculate retained earnings is quite simple. The figure is calculated by adding the net ...

What is Depreciation? Depreciation is the reduction in the book value of an asset due to usage over a period of time. In other words, it is ...

1 -  Unqualified Opinion report The most frequent type of report is referred to as the Unqualified Opinion , and is regarded by many as the...

Goodwill: 1-  Calculate the goodwill arising on acquisition. Ascertain the price paid to acquire the new business, and from this deduct the ...