Monk Fra Luca Pacioli may be unknown to you if you are not in the field of accounting but to every accountant, accounting students, and aspiring accountants, Luca Pacioli is the reason why the accounting course exists today. Luca is sometimes called Luca Di Borgo in recognition of his place of birth–Sansepolcro, formerly Borgo Santo …
Accounting and Auditing are very important processes in the financial affairs of any company. The difference between accounting and auditing ranges from purpose to the process involved in both terms. A generally acknowledged universal truth is: neither accounting nor auditing can exist alone especially for public listed companies .i.e companies whose shares are traded on …
Accounting is one of the pivotal functions of an organization that shows how long any organization would continue to exist as a going concern. A going concern is a business organization that is assumed to meet its financial obligation when they fall due and as such can avoid the threat of being liquidated in the …
Starting your business venture requires that you take up almost all roles in your business, at least for the first few months or years. This is perfectly normal as you would naturally be doing all you can to minimize your overhead expenditures in ensuring your bottom line- Profit stays positive. But sooner or later, reality …
To every tom, dick and harry, accountants are people who basically manage other people’s money and that’s all to the profession but when you look at the profession from a wider perspective, you will agree with me that this noble profession affords its members the opportunity to amass vast wealth beyond the dreams of the …
