Financial reporting refers to the process of disclosing financial information to various stakeholders, such as investors, creditors, regulators, and the general public. The purpose of financial reporting is to provide relevant, reliable, and timely information about a company’s financial performance and position, as well as its cash flows and related disclosures.
Read More
Human resource accounting is a type of accounting that focuses on measuring the value of a company’s human resources, such as its employees, in financial terms. The basic idea behind human resource accounting is that a company’s workforce is a valuable asset, just like its physical assets, and should be accounted for in a similar manner.
Read More
Responsibility accounting is a management control system that divides an organization into smaller units, each of which is responsible for achieving specific goals and objectives. Under this system, each unit is assigned a set of responsibilities that are clearly defined and measurable, and each unit is held accountable for meeting those responsibilities.
Read More