Category: Account & Finance

The Matching Concept in accounting is a fundamental principle that ensures expenses are recognized in the same accounting period as the revenues they help to generate. This concept provides a more [Read More...]

The Going Concern Concept is a fundamental accounting principle that assumes a business will continue its operations into the foreseeable future without the intention or necessity of liquidation or [Read More...]

Uncertainty over Income Tax Treatment arises when there is doubt about how a specific tax position or transaction will be interpreted or treated under the applicable tax laws by tax authorities. This [Read More...]

Here's a brief summary of key points from IFRS 16 "Leases": Scope: IFRS 16 applies to all leases except for certain exclusions such as leases of intangible assets and leases related to mineral [Read More...]

Discounted Cash Flow (DCF) is a financial valuation method used to estimate the value of an investment based on its future cash flows. It calculates the present value of expected future cash flows [Read More...]

Free Cash Flow (FCF) is the amount of cash a company has left over after paying for its operating expenses and capital expenditures (Capex). It represents the cash available to the company for paying [Read More...]

A Cash Flow Statement is a financial report that provides a summary of a company's cash inflows and outflows over a specific period, categorized into operating, investing, and financing activities. [Read More...]

Capital Expenditure (Capex) involves long-term investments to acquire or upgrade assets, recorded on the balance sheet and depreciated over time, while Revenue Expenditure (Revex) includes short-term [Read More...]

Cash accounting records transactions when cash changes hands, focusing on cash flow, while accrual accounting records transactions when they are earned or incurred, providing a more accurate [Read More...]

IFRS 16, which came into effect on January 1, 2019, establishes the principles for the recognition, measurement, presentation, and disclosure of leases in financial statements. It replaced IAS 17 and [Read More...]