by kasi | Jan 5, 2011 | Accounting
Cash basis of Accounting In cash basis of accounting the prevailing concept is that transactions will be entertained on the actual receipt or payment of cash. More broadly income will not be booked until it is actually received in the form of cash and expenditures... by kasi | Jan 4, 2011 | Accounting
When does revenue should be recognized in the books of accounts? The answer to this question is covered in IAS 18 Revenue Recognition under the generally accepted accounting principles (GAAP). It elaborates the precise conditions under which incomes can be recognized... by kasi | Jan 4, 2011 | Strategy
Strategic gap refers to the situation where actual performance levels are significantly different than the desired performance levels. The analysis of such situation for the gray areas to be recognized and to suggest what needs to be done to achieve the desired... by kasi | Jan 3, 2011 | Strategy
Companies endeavor to achieve competitive advantage. One of the techniques to achieve competitive advantage is through Resource Based View of the firm. RBV enables a company to identify the strategic resources or competencies and to determine their potential towards... by kasi | Jan 3, 2011 | Accounting
Cost accounting is a subject dealing with the appraisal of overall costs in producing and selling the goods or rendering services by an organization. Normally it is based on standard practices and is used by the managers as a system of assessing what expenses and how...