CS Foundation : Accounting Policies & Fundamental Accounting Assumptions

Accounting Policies & Fundamental Accounting Assumptions

CS professional course : Takshila Learning offers CS Foundation online classes for students in an easy, convenient, and simple way through our portal www.takshilalearning.com. It helps students to grab the conceptual knowledge in a different but simple way. CS online classes for CS preparation is a collection of HD-quality recorded lectures with the detailed explanation of the content by experienced and well-known faculties.

An interesting topic from Fundamental Accounting and Auditing – ‘Accounting Policies’ is discussed below:

Accounting Policies

They ensure that the transactions have been recorded properly by the enterprise while preparing financial statements.

An accounting policy once selected is applied consistently. However, an entity can change the accounting policy if certain conditions are satisfied.

There is no single list of accounting policies that can be applied to all the circumstances. The entity can choose its own accounting policy. The choice of the appropriate accounting principles needs proper analysis and judgment by the management of the enterprise.

There are certain accounting assumptions that are followed while preparing financial statements. A disclosure is required when they are not followed.

For the online & offline courses of CS Foundation, Executive or Professional, kindly visit www.takshilalearning.com

For a Free Demo call @ +91-88009-99280

Comments

Magnetic and non-magnetic material Class 6 Science

Magnetic and non-magnetic material Class 6 Science A magnet is a substance that is drawn to certain magnetic materials like iron, cobalt, and nickel. Magnets have the ability to draw iron to them. Natural magnets are rocks that naturally draw iron. Non-magnetic materials include things like wood, rubber, coins, feathers, leather, etc. that are not drawn to iron. Magnet characteristics It pulls magnetic materials, such as iron. The magnet's two ends are referred to as its poles. The magnet's diametrically opposed poles are drawn together. Heating, hammering, or dropping causes it to lose its characteristics. On the basis of properties types of Magnets Temporary magnets are those magnets that are magnetic for only a little duration. Typically, iron, cobalt, or nickel are used to make them. When they are close to the powerful magnet, they act like a magnet. When they are yanked away from the powerful magnet, they stop being magnetic. Permanent magnets are magnets that have magne...

Best Sample papers for Bank PO Exam Download

Sample papers for Bank PO Exam | Question Paper for Bank PO : Institute of banking Personnel Selection (IBPS) Department issued a Notification of IBPS PO 2017 exam announced in October month. IBPS Probationary Officer (PO) Online Application Form process will be begin from July 2017. This is a hard exam for all students so aware of its value. Large number of candidates will participate in this exam. So all candidates should prepare well for it. Check out IBPS, Bank PO Sample papers, Question Paper Pattern, SBI PO Syllabus , IBPS Syllabus and other IBPS PO Preparation 2017 This paper is identical to any Bank PO Question Paper Pattern. Check whole IBPS Bank “PO question paper” subject wise. IBPS (PO) Paper Pattern Analysis with Syllabus and main topics of IBPS Exam 2017. PO Question Paper Pattern, Bank PO sample Papers for IBPS Bank Exam IBPS PO Exam will be conducted at three levels 1st- PO Preliminary Exam 2nd- PO Mains Exam 3rd- PO Common ...

Online/Offline CBSE Coaching Classes for class 9

CBSE Coaching Class 9 :- In a move to make the digital India and Skill India dream into a reality, we are providing the best courses to our students in e-learning mode. Our program consists of entire 9th class syllabus in a fun learning method with various ways like sounds and animations. Our content is in 2-D & 3-D animation for better understanding of students. So That students will be understand every thing clearly and it makes the learning easy and entertaining. We are offering the following subjects for class 9th Standard: Maths Class Physics Class Chemistry Class Biology Class Our E-learning provides the best and trained teachers with highly qualified for the respective subjects, they help to improve the students’ performance and to teach the every concept clear and easy in better way. Our main motive is to help students to learn well and gain more marks with making their basic concept strong and good knowledge base ...

Takshila Learning - Online Tutorials

Search This Blog