21
Jun
2022
Accrued Liability
Accrued Liability – The phrase “accrued liability” focuses on the business cost which has been racked up and has not yet been compensated for. These are expenses for products and services that a business already has obtained but will have …
21
Jun
2022
ESOP Valuation
ESOP Valuation – It’s a short position, which ensures that companies in an employee share scheme (ESOP) have no obligations as well as the ability to buy the equity assets at a specified price on a pre-determined date. This is …
21
Jun
2022
Fair Market Value (FMV)
Fair market value is the estimate where a resource may sell on the market (FMV). Fair market value has come to signify the cost of assets under the following general set of conditions: Basic knowledge about FMV: Understanding and learning …
21
Jun
2022
Accrued Expense Journal Entry
Accrued Expense Journal Entry – An accrued expense journal entry is formed by tracking expenditures incurred by a firm but not recompensed in that accounting cycle. The expenditure debiting and the accumulated liabilities credit balance. When a company clears up …
20
Jun
2022
Accrued Expenses
Accrued Expenses also widely recognized as an accrued liability, is indeed a financial reporting term that refers to a cost that is documented on the books before it is compensated. The expense is entered into the accounting cycle in which …
20
Jun
2022
Accounting Valuation
Accounting valuation is the appraisal of a firm’s assets for financial reporting. When preparing a financial statement, investments run by a business and liabilities accumulated within a certain duration of time should be properly priced and included in the cash …
20
Jun
2022
Accrued Assets or Revenue
Accrued Assets or Revenue – Accrued revenue is the type of income tracked by accruals. Accrued revenue is recognized when a current party’s capacity to execute a binding contract is met, as described by GAAP. For example, income is recorded …
20
Jun
2022
What are Post-Retirement Risks?
Introduction: Post-retirement risk refers to a possible danger to one’s economic security after retirement. Post-retirement risks include a low income, an unexpected illness in a member of the household, and price inflation. Besides that, an increase in overall pervasiveness or …
20
Jun
2022
Risk Consulting
Risk Consulting – Why does any firm require risk consulting? By assisting in the decrease of certain risks, a risk specialist may be able to assist companies in being more appealing investment opportunities. Risk management advisory services can also help …
24
May
2022
The Payment of Gratuity Act 1972
Gratuity Act 1972 – It is a genre of various statutes, such as the Minimum Wage Act, Employment and Social Policy, and so on, that is an extension of labor laws and establishes the minimum benefits to be provided to …
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