This article will discuss the best tips for Credit Card Fraud Prevention. Let’s get started! In today’s digital age, credit card fraud has become a major concern for businesses of all sizes. Fraudsters can use a variety of tactics, from hacking into systems to stealing credit card information, to carry out fraudulent transactions that […]
Payroll accounting – How to manage payroll accounting? [With examples]
Want to learn more about payroll accounting? In this post, we will look at what is payroll accounting, how it works, types, and more. Payroll accounting Payroll accounting is the recording of the compensation of a company’s employees. This typically includes salary, bonuses, wages, commissions, and so on that have been earned by the employees […]
Economic profit – How to calculate economic profit | Explained with examples!
Want to learn more about economic profit? In this post, we will deep dive into what is economic profit, how to calculate it, economic profit example & more. Economic profit Economic profit is referred to as the difference between the revenue received by a commercial entity from its outputs and the opportunity costs of its […]
Tax accounting – Basics on tax accounting and 5 key principles to make a note!
If you are keen to learn about the niche of tax accounting, this blog is for you! Here we take a look at what is tax accounting, types and methods. Tax accounting Every individual engaged in any sector of society are liable to pay taxes to the respective government. There are certain statutory regulations that […]
Fair value accounting – Basics on fair value accounting and 3 examples
In this post we take a deep dive into fair value accounting. You will learn everyting from what is fair value, metohods to calculate it & formulas. Fair value accounting An accurate valuation is paramount during any accounting exercise. Fair value accounting helps to measure assets and liabilities at their current market value. Fair value […]
Mark to market accounting – What is mark to market accounting, significance and how to calculate?
Do you want to learn about the mark to market accounting method? In this post, we deep dive into the basics of mark to market accounting. Mark to market accounting Mark to market accounting is an accounting method that involves measuring the fair value of an asset or a liability that can fluctuate over time. […]