Tag Archives: LEARNERS-POINT

QURAN AND ACCOUNTING

As a Muslim, it is our faith that the Holy Quran is a comprehensive code of life and is a complete Source of Guidance to us in conduct of all our worldly affairs. The Holy Quran lays great stress on “KITABAT” (recording in Black and White), particularly writing down of financial and business transactions. The contents of Verses 282 and …

Read More »

Who are Stakeholders? | Users of Accounting Information

Firstly, Question is that Who are Stakeholders? Simply, we can say that Stakeholders are the parties whose Stake means Interest is linked with the organisation whether directly or indirectly. Now, we will discuss some possible Internal or External stakeholders of accounting information, whose benefit is associated with the organisation. Followings you will find a list of parties whose stake directly …

Read More »

Introduction to Accounting

The word “ACCOUNTING” means “Language of Business“. As we know the main aim of Business is only to earn Profit. But how much profit is earned by business or is there any loss suffered by it. The real story about the operations of business can only tell Accounting. That’s why! we said that, “Accounting is the Language of Business.” The …

Read More »

Learn Financial Accounting | Comprehensive Accounting Course

Financial Accounting is an important Branch of Accountancy. Financial Accounting is concerned with recording of business transactions and preparation of statements for the purpose of ascertaining profit or loss of the concern and preparation of balance sheet to know the financial position of the organisation. You can find your desired information from the followings. For Beginners: Chapter No. 1: Introduction …

Read More »

GMAT Preparation – Math Refresher Course – Riaz Academy

GMAT Comprehensive Math Refresher Course Please wait a little bit to Load GMAT Comprehensive Math Refresher Course: This course is 2:17 hrs. long and covered almost all topics from basics to expert level. If you want to get good marks in GMAT Exam, then it is obviously for you. You have to just watch and Practice with the instructor. Hopefully, …

Read More »

Single Entry System | Accounts From Incomplete Records

Single Entry System | Accounts From Incomplete Records In this lecture, you will learn about an Accounting System where Dual Aspect Concept not followed by the book keepers. After taking this lecture, you will be able to understand, What is Single Entry System or Accounts from incomplete records, How to determine Profit or Loss of the business,etc. Now watch this …

Read More »

Learn Quick-books Pro 2018 : Lecture 1- Welcome

Learn Quick-books Pro 2017   Lecture 1- Welcome Please wait a little bit to Load My name is Riaz Ahmed and welcome to Quickbooks Pro 2017. You don’t should be a bookkeeper at all to utilize Quickbooks, and I’ve really structured this course for the individuals who aren’t bookkeepers. Since organizations can have changing degrees of multifaceted nature, I structured this …

Read More »

Financial Ratios Analysis | Accounting Ratios Formulas

ACCOUNTING RATIOS GENERAL PROFITABILITY 1.      Gross Profit Ratio =           Gross Profit    × 100                                                        Net Sales   2. Net Profit Ratio =  Net Profit    × 100                                                  Net Sales         3. Expenses Ratio =      Particular Expense    × 100                                                         Net Sales 4. Operating profit Ratio =           Net Operating profit    × 100                                                                          Net Sales         [Operating Profit …

Read More »