Management Vs Financial Accounting

  Management Accounting vs. Finance Accounting Both the terms Financial Accounting and Management Accounting are a very important part of our accounting system and still serve entirely different purposes for an enterprise.  Financial accounting is very useful for owners, shareholders, investors, creditors, employees, financial institutions and tax authorities.   Balance sheets and Cash Flow Statements … Read more

IFRS meaning and importance – Features and Role

  Overview  To understand what is IFRS we will first have to know who Issues International Financial Reporting Standards.  The present global business scenario requires equal accounting policies and procedures accepted by investors, stakeholders, individuals, businesses, and industries worldwide.    To worldwide importance of IFRS, we first have to know what are the main objectives … Read more