WHAT IS THE DIFFERENCE BETWEEN NPV AND XNPV in Excel?
NPV assumes that the cash flows come in equal time intervals. XNPV assumes that the cash flows don’t come in equal time intervals.
What are Audit Assertions/Financial Statements Assertions/Balance sheet and Profit and Loss statement Assertions?
DEFINITION OF ASSERTION: It refers to the representations by management, explicit or otherwise, that are embodied in the financial statements, as used by the auditor to consider the different types…
What are the audit risk components?
Audit risk means the risk that the auditor might give an inappropriate audit opinion that Financial Statements are free from material misstatements when in fact the financial statements are materially…
What is the 5 step model of recognizing Revenue as per IND AS 115?
This is one of the most commonly asked questions of all time, and irrespective of domain. It is as important as the "Tell me something about yourself question". You must…