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The accounting equation is a statement of equality between the debits and the credits. The rules of debit and credit depend on the nature of an account. For the purpose of the accounting equation approach, all the accounts are classified into the following five types: assets, capital, liabilities, revenues/incomes, or expenses/losses.
A Bachelor of Commerce (BCom or B Com) is an undergraduate degree in commerce, accounting, mathematics, economics, and management-related subjects. Structure [ edit ]
The second (and more important) thrust of Lean Accounting is to fundamentally change the accounting, control, and measurement processes so they motivate lean change & improvement, provide information that is suitable for control and decision-making, provide an understanding of customer value, correctly assess the financial impact of lean ...
The two-year program consists of eight quarters (semesters). Three four-credit courses are offered in each quarter. To complete the MBA, the candidates must take 24 courses to obtain the required 96 credit units. [4] Three types of MBA are available. Day MBA, Executive MBA and online MBA. [5]
Change in access to a financial account or services between 2005 and 2014 by country [2]. The term "financial services" became more prevalent in the United States partly as a result of the Gramm–Leach–Bliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge.
The Diploma of Higher Education is a level 5 (second year of bachelor's degree) qualification and requires 240 credits, a minimum of 90 at level 5; The Certificate of Higher Education is a level 4 (first year of bachelor's degree) qualification and requires 120 credits, a minimum of 90 at level 4. [50]
Triple bottom line (TBL) accounting expands the traditional reporting framework to take into account social and environmental performance in addition to financial performance. In 1981, Freer Spreckley first articulated the triple bottom line framework in a publication called Social Audit - A Management Tool for Co-operative Working . [ 8 ]
In the financial year ending 31 July 2024, the London School of Economics (LSE) had a total income of £525.6 million (2022/23 – £466.1 million) and total expenditure of £344.4 million (2022/23 – £424.8 million). [1]