What is Double declining balance method of depreciation?
Before we discuss Double Declining Balance method, lets have a review of basic Declining Balance method and understand how it works. Declining balance method: a type of accelerated depreciation method Declining Balance method or reducing balance method or diminishing balance method is basically one type of accelerated depreciation method which accelerates the recognition of depreciation […]
What are the steps in the Financial Statement analysis Framework?
Financial analysts or simply analysts are required to analyse different types of financial information and provide recommendations to their clients or end users. In that sense analysts work as an adviser who advise or recommend appropriate actions that users should take to gain favourable results. In short, many people rely on analysts and their recommendation. […]
What is LIFO liquidation?
Before we discuss LIFO liquidation, lets review how LIFO works in relation with economy which can either be inflationary (period of rising prices) or deflationary (period of declining prices). According to Last-in, First-out cost flow assumption the latest inventory in the store will be applied for production and if there is inflationary economy in place […]
What is Common Size Income Statement?
Common size income statement is an income statement in which each item is reported as a percentage of revenue (also known as turnover or sales).This technique i.e. to express quantities as a percentage of a base figure is called common-size analysis. This technique i.e. common-size analysis is also known as vertical analysis. Common size income […]
10 questions to ask yourself before you start SELF STUDY
Deciding whether to do self-study or to get a professional help is not easy.Situation becomes tense even more when it involves professional qualification and you are already in your professional life. To help you make the right decision whether you can do or should do self study, we discussed with students and teachers to understand […]
