Search results
Results from the WOW.Com Content Network
You are free: to share – to copy, distribute and transmit the work; to remix – to adapt the work; Under the following conditions: attribution – You must give appropriate credit, provide a link to the license, and indicate if changes were made.
Of the four basic financial statements, the balance sheet is the only statement which applies to a single point in time of a business's calendar year. [2] A standard company balance sheet has two sides: assets on the left, and financing on the right–which itself has two parts; liabilities and ownership equity.
A chart of accounts compatible with IFRS and US GAAP includes balance sheet (assets, liabilities and equity) and the profit and loss (revenue, expenses, gains and losses) classifications. If used by a consolidated or combined entity, it also includes separate classifications for intercompany transactions and balances.
Tata Consultancy Services (TCS) is an Indian multinational technology company specializing in information technology services and consulting.Headquartered in Mumbai, it is a part of the Tata Group and operates in 150 locations across 46 countries. [4]
A tool for converting the consolidated balance sheet, income statement, and statement of cash flows into XBRLâtagged format. [ 27 ] Corporate governance is significantly and positively associated with a firm's decision to be an early and voluntary filer of financial information in XBRL format.
TCS BaNCS is a core banking software suite developed by Tata Consultancy Services for use by retail banks. [ 2 ] It includes functions for universal banking , core banking , payments, wealth management, forex and money markets, compliance, insurance, securities processing, custody, financial inclusion, Islamic banking and treasury operations.
Normal Balances refer to whether the balance for an account in a properly-formed trial balance is usually a debt or a credit. A normal balance also reflects the accounting equation. If a trial balance for an account is reversed, such an account is called a "contra-account" (e.g. accumulated depreciation as an asset or owners drawings as equity ...
Since the balance sheet is founded on the principles of the accounting equation, this equation can also be said to be responsible for estimating the net worth of an entire company. The fundamental components of the accounting equation include the calculation of both company holdings and company debts; thus, it allows owners to gauge the total ...