Modigliani, Miller, David Durand, and many other financial scientists focused their areas of interest on the firms’ capital structure. From small enterprises to partnerships and multinational organizations, the capital structure of different companies within the same...
A famous Danish proverb says, Promises make debt, and debt make promises. Corporate finance and personal finance both focuses on two main sources of financing: debt and equity. Debt financing is the mode when businesses and individuals borrow money from financial...
Definition Government accounting is far more complex as compared to normal accounting that is carried out by businesses. In this aspect, it is important to consider the fact that government accounting holds tantamount value for numerous different reasons. Governments...
Definition Fiduciary Funds are used in governmental accounting in order to account for assets that are held in trust for others. In other words, these are the funds that are held by the government as a trustee. They are held on behalf of others, and therefore, they...
Introduction The modern-day business dynamic is considered to be quite different on a number of grounds. In this regard, it can be seen that almost all businesses work on credit. This implies that they sell, or purchase goods at an earlier date, and the subsequent...
Overview Going concerned is an important accounting principle. It is an accounting term that explains that a company is financially strong and stable to carry on future business activities. Another term that closely relates to the going concern is the continued...
