Abdiqaadir Auditing Firm

Abdiqaadir Auditing Firm these page facilitate how to success your companies financial position
collating, checking and a**l

Reer Galbeedku Haka Bartaan Siyaasada iyo Xadaaradeeda Ismaciil X Nuur 🤣🤣🤣Waa Sawir Ka turjumaya Ilbaxnimada Iyo Bisaylk...
21/08/2024

Reer Galbeedku Haka Bartaan Siyaasada iyo Xadaaradeeda Ismaciil X Nuur 🤣🤣🤣

Waa Sawir Ka turjumaya Ilbaxnimada Iyo Bisaylka Siyaasadeed ,Masuuliyada
Waa Masuul Asal Ahaan ama Siyaasad ahaan Taabacsan Mucaaradka Hada wuxuu Gudanayaa waajibad qaran Madaxweynihiisi Ayuu soo dhaweeyey Si milgo iyo maamuusleh

FG: Siyaasadu maaha Mikirifoon qaado oo Hebel haw Jabinina Hebel dheh ee Waa taas Kolay Qolooyinka Reer Galbeedku Ha bartaan Siyaasada.🤓

09/04/2022

Welcome

Accounting History Accountancy" redirects here. For the constituency in Hong Kong, see Accountancy (constituency). For t...
15/07/2017

Accounting History

Accountancy" redirects here. For the constituency in Hong Kong, see Accountancy (constituency). For the game, see Accounting (video game).
Accounting or accountancy is the measurement, processing and communication of financial information about economic entities such as businesses and corporations. The modern field was established by the Italian mathematician Luca Pacioli in 1494. Accounting, which has been called the "language of business", measures the results of an organization's economic activities and conveys this information to a variety of users, including investors, creditors, management, and regulators. Practitioners of accounting are known as accountants. The terms "accounting" and "financial reporting" are often used as synonyms.
Accounting can be divided into several fields including financial accounting, management accounting, external auditing, tax accounting and cost accounting. Accounting information systems are designed to support accounting functions and related activities. Financial accounting focuses on the reporting of an organization's financial information, including the preparation of financial statements, to external users of the information, such as investors, regulators and suppliers; and management accounting focuses on the measurement, a**lysis and reporting of information for internal use by management. The recording of financial transactions, so that summaries of the financials may be presented in financial reports, is known as bookkeeping, of which double-entry bookkeeping is the most common system.
Accounting is facilitated by accounting organizations such as standard-setters, accounting firms and professional bodies. Financial statements are usually audited by accounting firms, and are prepared in accordance with generally accepted accounting principles (GAAP). GAAP is set by various standard-setting organizations such as the Financial Accounting Standards Board (FASB) in the United States and the Financial Reporting Council in the United Kingdom. As of 2012, "all major economies" have plans to converge towards or adopt the International Financial Reporting Standards

28/01/2017

Fixed a cost or expense that does not change in total within a reasonable range of activity.

Variable a cost or expense that changes in total in proportion to the change in activity.

Mixed a cost or expense that is partly fixed and partly variable.

Contribution Margin net sales/revenues minus all variable costs and expenses; amount available to cover fixed costs and profit.

Contribution Margin Ratio contribution margin divided by net sales or revenues.

Breakeven Point In Sales $ fixed costs and expenses divided by the contribution margin ratio.

Breakeven Point In Units fixed costs and expenses divided by the contribution margin per unit.

Margin Of Safety the amount by which sales can decline and the company will breakeven.

Breakeven Point the point in units or sales

By:-

21/12/2015

What is the difference between the cash basis and the accrual basis of accounting?

Under the cash basis of accounting...

Revenues are reported on the income statement in the period in which the cash is received from customers.

Expenses are reported on the income statement when the cash is paid out.

Under the accrual basis of accounting...

Revenues are reported on the income statement when they are earned—which often occurs before the cash is received from the customers.

Expenses are reported on the income statement in the period when they occur or when they expire—which is often in a period different from when the payment is made.

The accrual basis of accounting provides a better picture of a company's profits during an accounting period. The reason is that the income statement prepared under the accrual basis will report all of the revenues actually earned during the period and all of the expenses incurred in order to earn the revenues.

The accrual basis of accounting also provides a better picture of a company's financial position at a moment or point in time. The reason is that all assets that were earned are reported and all liabilities that were incurred will be reported.

The accrual basis of accounting is required because of the matching principle.

What is gross profit?Gross profit is net sales minus the cost of goods sold. (Some people use the term gross margin and ...
15/10/2015

What is gross profit?

Gross profit is net sales minus the cost of goods sold. (Some people use the term gross margin and gross profit interchangeably. Others use gross margin to mean the gross profit ratio or the gross profit as a percentage of net sales.)

Gross profit is presented on a multiple-step income statement prior to deducting sellling, general and administrative expenses and prior to nonoperating revenues, nonoperating expenses, gains and losses.

To illustrate gross profit, let's assume that a manufacturer's net sales are $60,000 and its cost of goods sold (using absorption costing) is $39,000. The manufacturer's gross profit is $21,000 ($60,000 minus $39,000). The gross profit ratio or gross profit percentage is 35% ($21,000 divided by $60,000).

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Hargeisa
Hargeisa
00252

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Monday 07:30 - 21:00
Tuesday 07:30 - 21:00
Wednesday 07:30 - 21:00
Thursday 07:30 - 21:00
Saturday 07:30 - 21:00
Sunday 07:30 - 21:00

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