Today’s accounting tutorial is going to look at prepayments, which occur when an expense or income is paid or received before contract obligations are fulfilled. This tutorial will be looking … Read More
Unearned revenue is money received by a business for which the goods and / or services the payment is for have yet to be provided. Sometimes this type of revenue … Read More
IAS 10 Events after the Reporting Period is the international standard that deals with the reporting of subsequent events. First issued in 1978 this standard has been through a number … Read More
We have finally got back to writing about finance. After a rather long break from all writing and the last few months being focused on accounting and and personal finance, … Read More
A perpetual inventory system involves recording every receipt and issue of stock that occurs so that there is a continuous record of the balance of each stock item on hand. … Read More
The developments within accounting conceptual frameworks over the last few decades have at their heart an attempt to bring greater relevance and use for users of financial reporting. As it … Read More
Withholding Tax is used in many tax jurisdictions as an efficient means of tax collection. It is efficient in that tax authorities are able to collect as taxable events take … Read More
