Advantages and Disadvantages of Management Accounting

Management accounting is related to preparing and presentation of accounting and controlling information in a format that helps management in the formulation of policies and in decision-making on different matters connected. It is by using the techniques of management accounting that the executives are provided the information which they require to achieve objectives for which …

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Types of International Capital Flows

International Capital Flows usually means the inflow and outflow of capital from one country to another country. In this article, we have discussed about the different types of International Capital Flows like Foreign direct investment (FDI), Foreign portfolio investment (FPI), trade flows, invisibles, external assistance, external commercial borrowings and private loan flows.

Purpose of Financial Statements

Financial statements (or financial reports) are formal records of the financial activities of a business, person, or other entity. In other words, financial statements are records that provide an indication of an individual’s, organization’s, or business’ financial status. Purpose of Financial Statements The purpose of a financial statement is to enable a business to establish …

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