Accounting for Bonds Definition Bonds Payable is the promissory note which the company uses to raise funds from the investor ...

Accounting for Convertible Bonds Convertible bond is a type of bond which allows the holder to convert to common stock ...

Risk of Material Misstatement for Inventory Overview Risk of material misstatement for inventory is the probability that there is a ...

Change in Accounting Policy What is Accounting Policy? Accounting policy is the principle, rule, and practice that company uses as ...

Sufficient Appropriate Audit Evidence Overview Auditors have the responsibility to obtain sufficient appropriate audit evidence. In this case, we should ...

Deviation from Internal Control Deviation from internal control is the situation when company designs internal control but it cannot manage ...

3 Types of Audit Risk Audit risk is the risk that auditors give a clean opinion on financial statements that ...

Assets Management Ratio Assets management ratio is the tool to measure company effectiveness and efficiency in using assets to generate ...

Cost to Income Ratio Overview Cost to income ratio is the measurement that is used in the company in order ...

Net Operating Assets Net Operating Assets are the company operating assets less operating liabilities. It is one of the methods ...

Monetary Unit Assumption The monetary unit assumption is the accounting concept that only records the business transaction in monetary unit ...

Expense Reimbursement Reimbursement is the payment that company pays to staff, customer and other parties to settle the expenses that ...