People are not listed as assets of a company, although their skills and expertise may generate revenue. The exception to this is football players. They generate revenue for the club, and can be sold off (unlike regular employees – I hope!) Football players are a special group of assets, meeting the qualification criteria for IAS 38. In order to capitalise or put a value on … Continue reading Accounting & Football
That current assets should be listed in a certain order in the Statement of Financial Position? Continue reading “Do you know……”
Purchases and Sales are common accounting terms, which students are expected to understand, and tested on at the foundation level. Students taking further exams are expected to have a clear understanding what constitutes purchases and sales.
For the purpose of accounting, Continue reading “Understanding Purchases & Sales”