Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Cash vs. Accrual Accounting:
While it is beyond the scope of this module to assess accounting systems against all types of accounting styles, it is important that managers understand the differences between cash accounting and accrual accounting.
Accrual accounting can be characterised by:
Cash accounting on the other hand is characterised by:
Cash accounting is usually used in small business where expenses are generally paid at the time the particular service is actually provided.
The Australian Tax Office has recognised the advantages for small to medium size business in adopting the cash accounting formula. To this end, small to medium size business have the option of either method.
As there are significant differences in how the two accounting methods are used (and the tax position differs markedly), it is advisable that people considering whether to adopt a cash or accrual accounting method seek specialist advice relevant to their particular position.
For the purposes of this module, the cash accounting method is assumed where relevant.
You deposit $3,000 in a back account that pays 10% annually, how much would you have im your account after 5 years?
TIME VALUE OF MONEY Time value of money can be described as the value of a unit of money at different time periods. It involves that the value of a unit of money is not same
discuss the steps in the controlling process
Define the basic motivations for a counterparty to enter into a currency swap. Answer: One major reason for a counterparty to enter into a currency swap is to exploit the comp
Which type of insurance company generally takes on the greater risks: a life insurance company or a property and casualty insurance company? The risks protected in opposition to
What is risk aversion? If common stockholders are risk averse, how do you explain the fact that they often invest in very risky companies? Risk aversion is the trend to avoid add
Assume Intel's stock has an expected return of 26% and a volatility of 50%, while Coca-Cola's has an expected return of 6% and volatility of 25%. If these two stocks were perfectly
Company Z has just been organized. It is expected to experience zero growth next year and grow at a 10% rate in year 2. Beginning in the third year the company should attain a 5%
What are some of the factors that common stockholders consider when deciding how much, if any, cash dividends they desire from the corporation in which they have invested? Gene
What are the benefits of the JIT inventory control system? The just-in-time (JIT) inventory control system lesser inventory carrying costs and tends to increase quality.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd