Arbitration in Forex
What are Mutual Funds?
Mutual funds are nothing but units of investment, like of shares or debentures, issued by a Mutual fund company. They are professionally managed collective investment vehicle which pools investments to purchase securities. An investor can purchase units of Mutual fund instead of directly investing in stock market and get proportional return in the form of dividend. Read More »
I have seen many aspirants of CA/CWA/CS worrying about MANY things. And when I stress many I really means many. Being a professional student we have enough senses to judge whether a given statement is true or false and if we can’t judge then rather let it pass instead of making it more complex. I am listing some common myths (according to me and the best of my knowledge) which affects the working of the brain of a common student: Read More »
What is XBRL?
Standard definition – XBRL stands for eXtensible Business Reporting Language. It is a language for the electronic communication of business information, providing major benefits in the preparation, analysis and communication of business information. It offers cost savings, greater efficiency and improved accuracy and reliability to all those involved in supplying or using business information.
Explanation 1 – What a company has in a non-XBRL world is a bunch of pdf files, excel and html files with it. And combining those we get monolithic information… (Means hard to analyze). Every company is filing in its own format. It will take much time to analyze those information. In XBRL world, each piece of information is assigned a particular (taxonomy) so that every company’s financial statement can look alike so it can be analyzed and can be even passed on to other company very easily. Globally it is very beneficial. Read More »