Procedures Use in Financial Due Diligence by Professional Engagement Team

Financial Due Diligence is the kind of detailed investigation service over the Financial Records for the specific objective like purchase and acquisition of the whole shares of the targeted companies or extending the number of shares of the existing company from the existing shareholders. In real practice, especially for companies with few shareholders, the selling …

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Fundamental Principles of Financial Due Diligence

Financial Due Diligence is the professional reviewing service provided by the Professional Accountant. and this service is normally offered by professional accounting firms. Financial Due Diligence is the type of reviewing service or negative assurance. All of the professional firms have to set proper internal control procedures and guidelines to make sure that the services …

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The Importance & Purpose of Financial Due Diligence

Financial Due Diligence is one of the review engagements that normally requested by the potential investors to perform a financial review of the target company. Financial Due Diligence is normally concerned with reviewing and identification of the targeted company’s Financial Position, potential hidden liabilities like continence liabilities which are not stated in Financial Statements and …

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Capital Expenditures: Definition, Example, Analysis, and List

Definition: Capital expenditures are the type of expenses that the entity spends on acquiring or upgrading long-term assets. Capital expenditures are normally called CAPEX. The expenses could be recognized as or classed as capital expenditure only if those expenses are allowed to be capitalized as long-term assets according to accounting standards and the company’s accounting …

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Ledger Account – Definition, Types, and Examples

Overview Ledger accounts are the accounting units that present the summarized balances of transactions under each category. A general ledger is the collection of these ledger accounts. A business can have five types of ledger accounts: assets, liabilities, equity, revenue, and expense. Let us discuss the definition and types of ledger accounts with the help …

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