Accounting for Bonds

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

Accounting for Convertible Bonds

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

Risk of Material Misstatement for Inventory

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

Change in Accounting Policy

Change in Accounting Policy What is Accounting Policy? Accounting policy is the principle, rule, and practices which company uses as ...
Read More

Sufficient Appropriate Audit Evidence

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

Deviation from Internal Control

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

3 Types of Audit Risk

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

Assets Management Ratio

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

Cost to Income Ratio

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

Net Operating Assets

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

Monetary Unit Assumption

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

Expense Reimbursement

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