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A single subject has its variety of dimensions that can definitely help on the ground of improving the knowledge level of an individual. Accounts also have its various sub sections. I have studied all of them very well manner but few were very interesting and I have gained huge knowledge and learning through those parts of accounting. The learning and knowledge enhancement has been explained
There are various costing techniques available in front of organizations. Life cycle costing is also one of the techniques which are available in front of organizations. Here in these tasks the assignment is focusing upon the proper discussion about the concept of life cycle costing along with its practical applicability.
In the present business environment it is very essential for the companies to effectively evaluate their financial statements as it will help them in properly determining the performance of their company. Further, proper assessment of the financial statement also assists companies in decision related to investment
Shareholders are one group that belongs to the stakeholders of a company. Shareholders are one of the most important elements of the ‘set of stake holder’ which comprises of the persons and entity having direct or indirect interest in the activities of a company as well as a direct or indirect influence in the functioning of the company. Before discussing the importance of stakeholders over the shareholders from the accounting view point, let us take a brief look at the different types of stake holders and there interest in the company as well as their power to influence the affairs of the company.
It is said that Financial Management starts from the point, where Accountancy ends. In fact Accountancy forms the backbone of the financial management. According to the American Institute of Certified Public Accountants (AICPA), Accountancy is defined as
-the art of recording, classifying and summarising in a significant manner and in terms of money transactions and events which are, in part at least, of a financial character, and interpreting the results thereof-