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Accounting & Finance

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The terms of depreciation, balance sheet, cash flow, operating cash and budgets are the terms that flinch many of us. However, all of these terms are the important concepts of accounting and the person, who desires to be the asset in the current business organisations by playing an effective role, must have the comprehensive knowledge of these concepts.

Accounting plays a key role in the modern businesses by facilitating internal and external stakeholders with correct financial information to take effective business decisions. Its significance cannot be ignored in organisations as it assists in management and financial accounting. The fundamental purpose of the accounting studies is to evaluate the information that is required by the stakeholders to assess the financial position of a firm. The managerial aspect of accounting is concerned with the evaluation of valuable information for business owners and other stakeholders while financial accounting deals only with financial information that is required for the financial performance of a company.

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