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The FBISE was established under the FBISE Act 1975. [2] It is an autonomous body of working under the Ministry of Federal Education and Professional Training. [3] The official website of FBISE was launched on June 7, 2001, and was inaugurated by Mrs. Zobaida Jalal, the Minister for Education [4] The first-ever online result of FBISE was announced on 18 August 2001. [5]
The accounting equation plays a significant role as the foundation of the double-entry bookkeeping system. The primary aim of the double-entry system is to keep track of debits and credits and ensure that the sum of these always matches up to the company assets, a calculation carried out by the accounting equation.
A chart of accounts (COA) is a list of financial accounts and reference numbers, grouped into categories, such as assets, liabilities, equity, revenue and expenses, and used for recording transactions in the organization's general ledger.
There have been 8 concepts published to date, of which 5 have been superseded. [11] Technical Bulletins or Staff Positions, guidelines on applying standards, interpretations, and opinions. Usually solve some very specific accounting issue that will not have a significant, lasting effect or respond to questions from practitioners.
College football was dominated by flags on Saturday. Michigan, North Carolina State and Florida celebrated road wins by displaying flags on the logos in the middle of their rivals' stadiums.
An 80-year-old woman died one month after her Sleep Number bed suddenly moved without warning and trapped her against a wall for two days last year, a new lawsuit alleges.
An employee stabbed a Michigan company's president during a staff meeting, the police said. A suspect, whom fellow employees describe as quiet, left the scene but was subsequently arrested.
The above-mentioned PwC senior partners expressed that convergence will lead to an accounting system that is too rules-based for non-US listed companies, [14] while other critics conversely criticize the principles-based nature of the IFRS as making it difficult for preparers of financial statements to defend against litigation.