IFRS VS GAAP: Top 10 Differences

IFRS VS GAAP: Top 10 Differences

Overview of IFRS VS GAAP: Accounting students and professionals are always keen to learn the differences between the two primary sets of accounting principles and standards. We call them IFRS and GAAP. Let’s proceed to the discussion with an understanding…

 External sources of finance for business

External sources of finance for business

External Sources of finance: The choice of methods of financing is among the financial decisions taken by the management. One way of categorizing the sources of finance for business is to split them into internal and external sources. So, basically,…

 What are the objectives of Internal Control?

What are the objectives of Internal Control?

Objectives of internal control: Internal control refers to all the methods and procedures implemented within the organization to safeguard assets, enhance the reliability of accounting records, boost the efficiency of operations, and ensure compliance with laws and regulations. There are…