International Accounting Standards International Accounting Standards IASs were issued by the antecedent International Accounting Standards Council IASC and endorsed and amended by the International Accounting Standards Board IASB. IFRS – IAS 36 Impairment of Assets IAS 36 Impairment of Assets About Standard News About The core principle in IAS 36 is that an asset must […]
Category: Financial Statement
Ratio Analysis Formula And Interpretation
The current ratio Current Ratio Formula The Current Ratio formula is Current Assets Current Liabilities. Common examples of ratios include the price-to. The current ratio also known as the working capital ratio measures the. Financial statement analysis and interpretation provide a perfect opportunity for one to understand the information presented in the statements. A higher […]
Provision For Bad Debts
In the online course Financial Accounting its explained that one strategy is to overestimate bad debt provision. For example lets say that at the end of the year we have 200000 in debtors control or accounts receivable. The provision for bad debts is an estimate of the debts owed to us that will go bad […]
