Posts By Ann R

Difference between CIMA and ACCA

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CIMA and ACCA Due to the complexity of business structures and the increasing industrial requirements, the professional accountancy qualification is now held with high significance. With the rise of financial markets, professional accountants are required&hellip

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Difference between CGA and CPA

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As time goes by, industries and businesses across the globe grow stronger. They expand their operations globally at a fast pace and reach the global market on daily basis. With the expansion of these businesses&hellip

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Difference between GAAP and AASB

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The backbone of all businesses is finance and accounting and for it to succeed, financial and accounts management is of paramount importance. As such, an issue that multinationals and businesses were facing was the preparing&hellip

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Difference between IVA and Bankruptcy

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Bankruptcy and IVA (Individual Voluntary Arrangement) are both formal and legally binding arrangements that exist between two people. The contract is normally between one party and his creditors whereby the creditor is expected to comply&hellip

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Difference between GAAP and OCBOA

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Introduction Generally, financial statements are prepared using the GAAP system of accounting. The alternative is the cash basis and tax basis. However, there is a system known as Other Comprehensive Basis of Accounting (OCBOA) which&hellip

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Difference between GAAP and 704 (b)

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Whether it is an entrepreneurship, corporation or partnership, it is important for businesses to understand the basics of accounting for their transactions in order to run smoothly. Without the knowledge on how these books should&hellip

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Impact of Globalization

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Meaning of Globalization? Globalization is the process through which people, corporations and governments of various nationalities are able to interact and integrate. This process is driven by investment and international trade through the help of&hellip

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