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Updates
Consolidated FCY Markup Fee
>> April 21, 2014
Consolidated FCY Markup fee is the charges which are deducted by credit card company from customer. Its full name is consolidated foreign currency markup fees. When a customer will pay in foreign currency through his credit card, he has to pay the consolidated FCY markup fees to his credit card company.
Labels:
credit card,
expenses
Credit Card Statement Format
If you credit card and you have used it for online buying or payment of your obtained service, you will get credit card statement on the 10th of every month. In this statement, you will get the information of your month's payments which you have done through your credit card.
Labels:
credit card,
finance
Vertical Analysis vs Horizontal Analysis
>> April 20, 2014
Vertical analysis and horizontal analysis both are done on financial statement. Both are needed for finding correct financial position. But there is the basic difference which we are explain in following lines.
Labels:
Financial,
management accounting
3 Things to Change Accounting Career Successfully
>> April 18, 2014
To change your accounting career is big decision. If you are
working accountant in any company for 10 to 15 years and now, you have to take
decision to change this company or becoming accounting teacher instead of
accountant, it will bring stress in yourself because of family and other
financial responsibilities.
Labels:
Accounting,
career,
inspiration
What is Bond Index
Bond index is average value of bonds in the bond market. We take the sample companies bonds and calculate the weighted average price of these bonds, this average price will be called bond index.
What is the Meaning of Non current Liabilities
A noncurrent liability is a liability that is not paid within one year. It means, such liabilities will not become due within current financial year. So, we say such liabilities non current liabilities. Main examples of non current liabilities are long term loan, bonds, debentures, long term lease obligations, Employees' fund liabilities and fixed deposits of customers.
Labels:
basic accounting,
liabilities
What is Capital Income
>> April 17, 2014
Today, I have obtained a call from a student who want to know the clear definition of capital income. What is its meaning and how can we compare it with loan and other revenue income? So, today, I am explaining this deeply.
Labels:
basic accounting,
capital,
income
Procedures for Computerized Auditing
>> April 14, 2014
Today is the time of computer. Internet has become so fast and can be used both on mobile and computer. So, auditing procedures has also shifted from its manual steps to computerized steps. Following are the main steps of computerized auditing procedures.
NEFT Transaction Cut off Time is Exceeded Means
>> April 13, 2014
Today Monday morning, I was emergency for transferring fund from my online PNB account to my SBI account for this, I used NEFT option for transfer my money but it was giving me the trouble. It is showing "NEFT Transaction Cut off time is exceeded"
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