Studying a professional qualification and becoming a chartered accountant will open a lot of doors. The options are endless to be honest. You can become internal auditor, external auditor, accountant, run your own business, move to consulting et etc. As long as there is growth in the economy, the demand will grow and since the institutes involve, I believe that it is a really good career choice. So yes, I think that becoming a chartered accountant is a really good career move. Good luck!
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Activity based costing requires more a detailed breakdown of the indirect costs. In activity based cost, an accountant identifies activities and the cost drivers of each activity. Then the indirect costs are allocated to each activity based on the prop…
Activity based costing requires more a detailed breakdown of the indirect costs. In activity based cost, an accountant identifies activities and the cost drivers of each activity. Then the indirect costs are allocated to each activity based on the proportion they actually absorb.
Yes, net revenue and net profit are the same thing. Itﾒs the revenue generated less expenses which include taxes. Net revenue is not used in accounting while net profit is more common. The most widely used term is profit before tax and profit after t…
Yes, net revenue and net profit are the same thing. Itﾒs the revenue generated less expenses which include taxes. Net revenue is not used in accounting while net profit is more common. The most widely used term is profit before tax and profit after tax. The first is the profit (revenue less expenses which include cost of sales, admin expenses, finance costs etc) while the second is after deducting the tax expense.
In accounting terms, they are the same thing. Net earnings and the net income is the income minus all expenses incurred (including taxes). The net income also refers to the personal income available to us after taxes are deducted (gross income minus ta…
In accounting terms, they are the same thing. Net earnings and the net income is the income minus all expenses incurred (including taxes). The net income also refers to the personal income available to us after taxes are deducted (gross income minus taxes).
They are used as risk free assets because they are paid by the state. For example, the US treasure bills are backed up by the government and in order for you not to receive your money is the US to go bankrupt. Because the chances of something like that…
They are used as risk free assets because they are paid by the state. For example, the US treasure bills are backed up by the government and in order for you not to receive your money is the US to go bankrupt. Because the chances of something like that are quite slim, they are considered as risk free assets.
In most cases no they are not. There are cases where one might be asked to pay tax if the insurance is more like an investment but in general terms insurance proceeds are not taxed. There is an exception regarding the death insurance and where is not a…
In most cases no they are not. There are cases where one might be asked to pay tax if the insurance is more like an investment but in general terms insurance proceeds are not taxed. There is an exception regarding the death insurance and where is not an expression of wish included in the policy (named person that will receive the proceeds). In this case, the proceeds become part of the will and inheritance tax applies.