Category «General»

Payoff on Forward Contracts

Forward contracts are privately executed between two parties. The buyer of the underlying commodity or asset is referred to as the long side whereas the seller is the short side. The obligation to buy the asset at the agreed price on the specified future date is referred to as the long position. A long position …

Forward and Futures Contracts

In this article we introduce two examples of derivatives: forward and futures contracts. We also analyze the possible payoffs and profits of these two securities. Forwards and futures are very similar as contracts but differ in pricing and trading mechanisms. For example, forwards are traded over the counter (i.e. contract specification can be customized) whereas …

Perfect Internal Control.!!!

This question is usually asked what perfect internal controls are; this question has very straight forward answer, There is no such thing as a perfect internal control system … reason being there are inherent limitations, which typically cannot be controlled, like

Forensic auditing

‘Forensic auditing’ covers a broad spectrum of activities, with terminology not strictly defined in regulatory guidance. Generally, the term ‘forensic accounting’ is used to describe the wide range of investigative work which accountants in practice could be asked to perform. The work would normally involve an investigation into the financial affairs of an entity and …

Find Dream Job in Middle East

Usually when one want to find job in Middle East its difficult for him to concern the right consultant or to apply on right place , the one solution is to apply online to different HR companies, but then question arise on which websites one should apply here i am giving the list of top …

Qualitative Characteristics of FS

Attributes that make information provided in financial statements useful to users Principal qualitative characteristics relate to: PRESENTATION CONTENT Understand ability Relevance Comparability Reliability Understandbility Users must be able to understand the financial statements

BALANCE SHEET

Balance sheet is the list of balances which shows balances of accounts at a particular date CURRENT/NON-CURRENT DISTINCTION An entity shall present current and non-current assets, and current and non-current liabilities, as separate classifications on the face of its balance sheet in accordance except when a presentation based on liquidity provides information that is reliable …

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