Fixed costs and step-fixed costs are two important concepts in accounting and financial management. While both refer to expenses that do not vary with production or sales, there are important …
FROM THE OVEN
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Accounting & FinanceLEARNING MEDIA
Understanding the Difference between Fixed and Step Fixed Costs
by Fahad Zarby Fahad Zar 3 minutes read -
Synthetic IndicesTechnical Analysis
Step Index: How To Trade Successfully? Maximize Your Profit!
by Fahad Zarby Fahad Zar 4 minutes readStep Index is one of those indices that look pretty humble and is well-known for its turtle movement. Being someone with extensive experience in trading the step index, it’s safe …
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AuditLEARNING MEDIA
Why do Managers Fear Audit and Auditors?
by Fahad Zarby Fahad Zar 4 minutes readBeing an auditor working with an audit firm for over 3 years now, I couldn’t help but notice how the client’s employees and managers have somewhat of an inherent fear …
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AuditLEARNING MEDIA
What Is Familiarity Threat In Auditing?
by Fahad Zarby Fahad Zar 6 minutes readFamiliarity Threat in Auditing is one of the 5 types of ethical threats. These ethical threats are basically obstacles to the objectivity of the audit engagement and therefore, should be …
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Accounting & FinanceFinancial Accounting
Recoverable Amount of an Asset
by Fahad Zarby Fahad Zar 4 minutes readRecoverable Amount Recoverable Amount can be defined as the higher of an asset’s value in use and fair value less costs of disposal. The Value in use refers to the …
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Accounting & FinanceFinancial Accounting
What is meant by Fair Value less Costs to Sell?
by Fahad Zarby Fahad Zar 3 minutes readFair value in accounting means the price for which a non-current asset can be sold in an active market. The fair value should not be confused with the carrying amount …
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Accounting & FinanceFinancial Accounting
How To Account For Assets Held For Sale?
by Fahad Zarby Fahad Zar 5 minutes readIn Accounting, non-current assets that the company intends to sell instead of using them in its operations are called assets held for sale and IFRS 5 explains the recognition and …
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Accounting & FinanceFinancial Accounting
Entity-Specific Value
by Fahad Zarby Fahad Zar 3 minutes readEntity-specific Value Entity-specific value can be defined as the value that an entity expects to arise from the continuing use of an asset and from its disposal at the end …
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Accounting & FinanceAudit
Introduction to Computer-Assisted Audit Techniques (CAATs)
by Fahad Zarby Fahad Zar 7 minutes readWhat Is CAAT? Computer Assisted Audit Techniques (CAAT) is an innovative and increasingly popular method used by auditors to enhance the effectiveness and efficiency of their audit work. CAATs involve …
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Accounting & FinanceAudit
What Does Cut-Off In Accounting Mean?
by Fahad Zarby Fahad Zar 5 minutes readWhat Is Cut-Off In Accounting? Cut-off in accounting refers to the process of determining the specific point in time at which transactions and events are recorded in the financial statements. …