Accounting 101: Accounting for non-financial assets

MFRS 16 however, states the recognition of the start on the commencement date of the lease transactions. However, for biological assets or agricultural produce which fall under MFRS 141, there is one additional recognition criterion that needs to be met. This additional criterion is that the entity controls the asset as a result of past events. These materials were downloaded from PwC’s Viewpoint (viewpoint.pwc.com) under license. Effective asset management ensures…

China United States trade war Wikipedia

Blinken’s upcoming visit has raised hopes of a “thaw” in US-China relations, but US officials have emphasized that they do not expect a major breakthrough. Exporters will be required to apply for an export license to MOFCOM in order to receive permission to export the restricted items. If, in the process of the application review, the restricted items for export are found to “have a major impact on national security”,…

Proper Accounting for Mortgage Payments

One of the main financial statements (along with the balance sheet, the statement of cash flows, and the statement of stockholders’ equity). The income statement is also referred to as the profit and loss statement, P&L, statement of income, and the statement of operations. The income statement reports the revenues, gains, expenses, losses, net income and other totals for the period of time shown in the heading of the statement.…

Is Forex Trading Really Profitable? Facts and Myths

For example, a company doing business in another country might use forex trading to insure against potential losses caused by fluctuations in the exchange rate. Every second, about $850 million changes hands in the foreign exchange (forex or FX) market, making it the world’s largest financial marketplace, with daily trading volume reaching $7.5 trillion. While this may be a pipe dream for many, thousands of traders are living this reality.…

Sixty Five Startup Success Factors Jobs In United States

Extracting employee information can streamline monitoring worker efficiency, activities, and other KPIs effectively. This strategy permits effective data-driven decisions to boost workforce performance, worker satisfaction, and enterprise growth. SAP SuccessFactors is a Cloud-Based Human Capital Administration (HCM) software program that manages HR procedures and worker knowledge within the cloud. Performance management, worker engagement, studying and development, recruiting and onboarding, salary and benefits, and workforce analytics are modules. SAP SuccessFactors is…