The Financial Accounting Standards Board’s GAAP and the International Accounting Standards Board’s IFRS put forth some guidelines that nationally and internationally. The companies or the subsidiaries, dealing or operating all across the globe must follow the IFRS rules while recording and maintaining the consolidated financial data. On the other hand, the combined financial statement may…
What Is the Cash Conversion Cycle CCC Explained?
The CCC mark is required for both Chinese-manufactured and foreign-imported products; the certification process involves the Guobiao standards. The abbreviation «CC» for «carbon copy» originated in the era of typewriters when carbon paper was used to create duplicates of documents. With the advent of email, the term was adapted to digital communication. «CC» as «cubic…
Basic Bookkeeping Principles: Understanding and Managing Your Finances
Online accounting courses or introductory courses can provide you with valuable knowledge and resources to effectively manage your finances. A bookkeeping task list or checklist will be helpful because there are many things one must manage to stay on top of their accounting records. We’ll go over the fundamentals of day-to-day bookkeeping principles in this…