Category: FINANCIAL ACCOUNTING

Difference between Financial Accounting Management Accounting and Cost accounting

Posted on By commerceiets No Comments on Difference between Financial Accounting Management Accounting and Cost accounting

In this post you will study Difference between Financial Accounting Management Accounting and Cost accounting. Study and make the proper notes grabbing full understanding of this topic. MANAGEMENT ACCOUNTING Management Accounting is the Identification, Measurement, Accumulation, Analyses, Preparation, Interpretation and Communication of information that assists managers in fulfilling organizational objectives. Management accounting is all about…

Read More “Difference between Financial Accounting Management Accounting and Cost accounting” »

FINANCIAL ACCOUNTING, COST ACCOUNTING, KEY DIFFERENCES, MANAGEMENT ACCOUNTING NOTES

LIQUIDITY RATIOS TYPES

Posted on By commerceiets No Comments on LIQUIDITY RATIOS TYPES

LIQUIDITY RATIOS TYPES The liquidity ratios are used to assess the short term financial position of the firm. Liquidity refers to the ability of the firm to meet its current liabilities. That is why these ratios are also known as ‘short-term solvency ratios’. These ratios indicate the firm’s ability to meet its current obligations out…

Read More “LIQUIDITY RATIOS TYPES” »

12 ACCOUNTANCY, FINANCIAL ACCOUNTING

LIQUIDITY RATIOS FORMULA

Posted on By commerceiets No Comments on LIQUIDITY RATIOS FORMULA

LIQUIDITY RATIOS FORMULA The liquidity ratios are used to assess the short term financial position of the firm. Liquidity refers to the ability of the firm to meet its current liabilities. That is why these ratios are also known as ‘short-term solvency ratios’. These ratios indicate the firm’s ability to meet its current obligations out…

Read More “LIQUIDITY RATIOS FORMULA” »

12 ACCOUNTANCY, FINANCIAL ACCOUNTING

LIQUIDITY RATIOS

Posted on By commerceiets No Comments on LIQUIDITY RATIOS

LIQUIDITY RATIOS The liquidity ratios are used to assess the short term financial position of the firm. Liquidity refers to the ability of the firm to meet its current liabilities. That is why these ratios are also known as ‘short-term solvency ratios’. These ratios indicate the firm’s ability to meet its current obligations out of…

Read More “LIQUIDITY RATIOS” »

12 ACCOUNTANCY, FINANCIAL ACCOUNTING

LIQUIDITY RATIO ANALYSIS

Posted on By commerceiets No Comments on LIQUIDITY RATIO ANALYSIS

LIQUIDITY RATIO ANALYSIS The liquidity ratio analysis is used to assess the short term financial position of the firm. Liquidity refers to the ability of the firm to meet its current liabilities. That is why these ratios are also known as ‘short-term solvency ratios’. These ratios indicate the firm’s ability to meet its current obligations…

Read More “LIQUIDITY RATIO ANALYSIS” »

12 ACCOUNTANCY, FINANCIAL ACCOUNTING

QUICK RATIO AND CURRENT RATIO

Posted on By commerceiets No Comments on QUICK RATIO AND CURRENT RATIO

QUICK RATIO AND CURRENT RATIO The difference between Quick Ratio and Current Ratio is as follows: BASIS OF DIFFERENCE QUICK RATIO CURRENT RATIO RELATIONSHIP It establishes the relationship between Liquid assets and current liabilities. It establishes the relationship between current assets and current liabilities. ASSESSMENT It assesses the ability to meet current liabilities immediately. It…

Read More “QUICK RATIO AND CURRENT RATIO” »

12 ACCOUNTANCY, FINANCIAL ACCOUNTING, KEY DIFFERENCES