accounting Archive

Revised Guide to Accounting for Real Estate Trading

Introduction: The essential reason for this article is to teach parties connected with Real Estate dealings and locations different accounting issues that have get to be predominant in the wake of the disintegrating real estate markets, for

Why Convergence of IFRS and USA GAAP is a significant step?

The USA practices a typically rule-based accounting standard known as Generally Accepted Accounting Principles (GAAP) whereas more than 110 countries around the world follows the accounting system known as International Financial Reporting Standards (IFRS). Although there are

What is the Significance of Generally Accepted Principles of Accounting?

Generally accepted principles of accounting are a standard framework of financial accounting guidelines used in a specific jurisdiction. These accounting principles are also known as standard accounting practices or accounting standards, which include standards, rules and conventions