Momin Shaikh

• Feb 17th, 2015

Annuity method

lakshmi

• Feb 6th, 2015

The popularity of a firm called goodwill. we considered goodwill by four method

1) Average goodwill method
2) Super profit method
3) capitalisation method
4) Annuity method

in average profit method we analise goodwill by average profit - actual profit

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What procedures are in place to ensure that a sponsored project is carried out in compliance with the terms, conditions and financial management and reporting requirements of both the municipality and provincial treasury

Srinivas S

• Oct 11th, 2011

Suppose the Bank has granted the loan for specific project for example to invest in the additional capacity production of the company by investing in new equipment.Now the Compliance towards the corpo...

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MohitJindal  

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• Member Since May-2009 | May 1st, 2009

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A fund flow statement or a cash flow statement records the changes in monetary funds over a period of time, usually by comparing the latest position at balance sheet date with the corresponding monetary position a year ago.

There are various elements of business that affect fund/cash flow. These include such things as increased sales, reductions or increases in debtors, longer or shorter times in paying creditors, repayments of loans, etc., a summary of which should be shown on separate lines of the statement. It can start with a section listing the elements that contribute to an increase in cash, then the next section lists those items which have contributed to a decrease in cash.

Space (and time!) does not permit more comprehensive details of what is needed and how to do it. You should consult a text book on Financial Accounting and look at the fund/cash flow statement of a company similar to the one for which you wish to prepare such a statement.

At the end of the fund/cash flow statement, if you have done all your calculations correctly, and taken everything that affects cash movement into account, your final figure will equal the cash figure in the balance sheet.

MohitJindal

 Profile Answers by MohitJindal Questions by MohitJindal

• May 1st, 2009

A fund flow statement or a cash flow statement records the changes in monetary funds over a period of time, usually by comparing the latest position at balance sheet date with the corresponding moneta...

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How FIRC accounting is done?What is the status of prepaid insurance accounting?

Bharat Chander

• Aug 4th, 2014

FIRC stands for Foreign Inward Remittance Certificate. When any foreign currency comes to your account, the bank wants to know why the money in foreign exchange has to come to your account. Once you...

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What is the difference between these two?

baskarsha

 Profile Answers by baskarsha Questions by baskarsha

• May 20th, 2010

Forecosting is done based on the past experiences of the persons in the particular field and predict the cost involved for the particular action or for the data collected about the a project in the pa...

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If 2 companies are there, they have maintained separate chart of accounts, how can you consolidate their activities? What are the procedures of elimination during consolidation of financial statements?

mario27

 Profile Answers by mario27 Questions by mario27

• Dec 26th, 2010

If two companies accounts are separate and are now to be consolidated, we can follow the method of accounting of amalgamation by nature of merger or purchase.In case of the consolidated balance sheet ...

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How to do finalization of accounts,any one example?

Kir

• Jan 20th, 2012

Finalization of accounts is preparing financial reports in comparison with briefing of companys financial reports. Which include Income ,Cash flows, Balance Sheet, Policies, disclosures, and Equity.

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Patrick

• May 23rd, 2013

Type of payment: Cash,debit card,credit card,gift certificate,money order,personal check,bill me later,paypal account,paypal alternative

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What is Asset Accounting
* what is depreciation register
* how can we maintain depreciation register

sarandhachu

 Profile Answers by sarandhachu Questions by sarandhachu

• Jan 31st, 2014

Dep is the decreasing the value of assets

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