Define Reconciliation method

Q: Explain consistency concept.

A: Consistency: Consistency principle emphasizes that companies should adhere to same accounting…

Q: Define LIFO conformity rule.

A: Last-in-First-Out (LIFO): In this method, items purchased recently are sold first. So, the value of…

Q: Define specific identification

A: Method of Inventory: Inventory refers to the current assets that a company expects to sell during…

Q: Define composition

A: Composition: The composition is the act of putting something jointly, or the grouping of rudiments…

Q: Define Consistency.

A: Consistency is fundamental assumption of accounting. Consistency refers to once a company adopts…

Q: Define value chain.

A: Value Chain: Value Chain is the combination of activities including all the costs to do such…

Q: Explain Matching Principles?

A: Matching concept is an accounting principle which explains the need to match revenue with the…

Q: Explain vendor exploitation.

A:

Q: Describe WACC and its components.

A: WACC: The weighted average cost of capital (WACC) is a computation of   cost of capitalof a company…

Q: Explain

A: LCNRV method means Lower of cost and net realizable value method.

Q: Define ERP.

A:

Q: Explain what internal and external linkages are.

A: Interior linkage alludes to everything just in extent of an interpretation unit. Outside linkage…

Q: Explain put–call parity relationship

A: Put-Call parity is the concept that defines the relationship between price of European call option…

Q: Explain the purpose of the conceptual framework.

A:

Q: What can be understood from Integrated disclosure system.

A: Integrated disclosure system: It is an update in the security exchange commission’s guidelines to…

Q: Define NRV method.

A: Definition:   Product costs: The costs incurred to acquire the merchandise, ship the stock, prepare…

Q: Describe the usefulness of a conceptual framework.

A: A conceptual framework can be defined as a system of ideas and objectives that lead to the creation…

Q: Define Matching principle

A: Introduction: The matching principle that needs a corporation to match expenditures with connected…

Q: Define association.

A: Accounting Information System (AIS):   The system which helps to gather, store and process the…

Q: Define Recognition.

A:

Q: Define basis point

A: Answer: A base value is an approximate number, also used as an initial index value. All potential…

Q: Explain Matching concept and provide example.

A: In order to record revenue and expense for a company, it should consider the matching concept while…

Q: acti

A: On September 1 LGS gives loan to Eden co of 11000 at an interest rate of 7 percent per annum.…

Q: explain the specific identification approach

A: Introduction:   Inventory valuation is an accounting practice used by businesses to determine the…

Q: Define the term realization principle.

A: Accounting: Accounting refers to the information system, where the economic activities of a…

Q: Define and explain the significance of the term CMA.

A: Certified Management Accountant (CMA): CMA stands for certified management accountant. CMA…

Q: Define value drivers

A: Introduction: Value drivers are related to concept of free cash flow valuation model. This helps the…

Q: Managemer be obiect

A: True

Q: important to manage transaction exposure

A: The RISK - posed by firms participating in international commerce that currency exchange rates will…

Q: What is view integration?

A: View Integration:  Single model which is created for integrating multiple REA diagrams (which were…

Q: Define Physical location exchange

A: Exchange relates to a platform where the asking and bidding of various securities of different…

Q: Define best efforts arrangement

A: Introduction: There are two techniques utilized by the corporations to vend their stocks that is…

Q: List and describe the components of a SWOT analysis.

A: When an organization aims to study and understand the environment in which it operates, it performs…

Q: Define synergy

A:

Q: Prepare SFP

A: Financial statement means the trading and profit and loss account and balance sheet of the company…

Q: Define Indirect method

A: Hey there ! Since particular concept is not given, indirect method is assumed under cash flow…

Q: Define call provision

A: The bonds refer to the debt securities that allow the issuer to raise capital from external sources,…

Q: Explain the objectives of FIFO method.

A: First-in-First-Out: In First-in-First-Out method, the costs of the initially purchased items are…

Q: Define Direct method

A: The Direct Method is Described Below -

Q: Define Prepayments.

A: Step 1 The outflow of money to reduce the liabilities occurred in the current accounting period…

Q: Define controller

A: The controller generally reports to the chief financial officer of the company. In small companies,…

Q: Define consol

A: consol is a debt instrument.

Q: Define the term Principles of Consolidation.

A: To solidify (solidification) is to join resources, liabilities, and other monetary things of at…

Career in Insurance Industry

The insurance industry offers a variety of jobs in a variety of divisions. A person can work as an administrative officer, assistant administrative officer, development officer, insurance or composite agent, actuary, or underwriter. These positions may be in the finance, marketing, or underwriting divisions.