Skip to main content

Overview of Pakistan Economy

To Ordinance 2007

Comments

Post a Comment

Thanks to all , for valuable comments

Popular posts from this blog

What is Investment?

Investment is basically the committment of funds in assets with the hope that it will generate income or appreciate in the future with anticipated risk. There are three words in the definition includes; funds, assets and income. 1. Funds mean the money someone is going to invest. 2. Assets mean any tangible property (Land, Building etc) or intangible (patent, copyright) or financial assets like shares and debentures of the company. 3. Income is the difference between Revenue (Cash inflow) and Expense (Cash outflow). The building of a factory used to produce goods and the investment one makes by running college or university are both examples of investments in the economic sense. In the financial sense investments include the purchase of bonds, stocks or real estate property.
1 comment
Read more

What is Auditing --- Definition.

In very simple words auditing is the evaluation of any 'Person'. In legal terms person means; An individual , Association of Persons (AOP) and a Company. But the students of Professional accountancy like CPA, C.A and Management Accountants mostly concentrates on auditing and involved in Auditing activities like; Financial auditing, cost auditing and Internal control. What is Auditing ? Every beginner ask from his teacher or his friend. Basically all authors define auditing in the same manner, but different professional bodies have their different modified definitions, for example one for understanding:  International Auditing Guidelines used to define Audit as:  " An audit is the independent examination of financial statement or related 'information of an entity', whether profit oriented or not and irrespective of its size, or legal form when such an examination is conducted with a view to express an opinion thereon". This definition comprises on: 1.In...
Post a Comment
Read more

Difference between Accounting and Finance

Most of the students are confused with the difference between Accounting and Finance… Accounting is majorly concerned with the recording, classifying and reporting of the data relevant to Assets, Liabilities, Expense, Income and Capital of the business, whereas, Finance is the management of Cash/Money/Funds. The purpose of the Finance is to control the financial resources of business and making long term decision for business future.
1 comment
Read more