Accounting

The cumulative amount of depreciation cost attributed to a single asset after the asset was placed into operation is accumulated depreciation. In other words, it’s…

The definition of actuarial gains or losses refers to an increase or a reduction in the estimates used to calculate the defined benefit pension plan…

Year-to-date (YTD) is a period which is determined on the basis of the number of days from the beginning of the calendar year (or fiscal…

Preference shares are used by big corporate as a long-term source of funding for their projects. These shares are one of the important sources of…

Respondent It is a kind of a loan obtained by the captain of the ship in an emergency against the security of the cargo of…

The residual value also referred to as the scrap value, shall be defined as the approximate scrap value of the asset at the end of the…

A frequently used type of accelerated depreciation in which some percentage of straight-line depreciation rates are used is the declining balance method. This technique is…

The general depreciation system (GDS) for measuring depreciation is the most widely used modified accelerated cost recovery system (MACRS). This works within a period of…

Reserve Liability Reserves are considered on the liability side of a balance sheet because they are sums of money that have been set aside to…

Assurance services are a type of independent professional service (audit activities) typically provided by licensed or chartered accountants or Chartered Registered Accountants, with the purpose…

Features of Cost of Preference Share Preference shares are shares of a company that pays out dividends to shareholders before common share dividends are issued.…

Appraisal Costs are expenses related to the quality management costs incurred by the manufacturer to ensure that consumers purchase high-quality products that are correctly assembled…