Accounting Articles

Contents What is capex?  Types of capex What can capex reveal about a business? Examples of capex How to calculate capex Capex vs opex What is capex? Capex, or Capital expenditure, refers to the financial resources that an entity allocates for acquiring, upgrading,...

Contents What is Opex? How to manage opex effectively Types of opex How to calculate opex What are the examples of opex? Depreciation and amortisation What is opex? Opex, also known as an operating expense, is a regular and necessary cost a business incurs to maintain...

Contents What is goodwill? Types of goodwill Accounting for goodwill in financial statements Key factors in accounting for goodwill The importance of goodwill in business Challenges associated with goodwill in business Distinguishing goodwill from other intangibles...

Contents What are special purpose financial statements? Entities eligible or required to prepare SPFS Benefits of special purpose financial statements Disclosure requirements for special purpose financial statements What are special purpose financial statements?...

Contents What are general purpose financial statements? Tier 1 and Tier 2 frameworks for GPFS GPFS – purpose and components Key aspects of fair presentation and compliance with standards Going concern assessment Accrual basis of accounting Materiality and aggregation...

Contents What are Australian Accounting Standards? What is IFRS? The importance of accounting standards in Australia Key Australian Accounting Standards Implementation and enforcement of AAS What are Australian Accounting Standards? Australian Accounting Standards...

Contents What is an intangible asset? Criteria for recognising intangible assets Types of Intangible assets Recognition and measurement of intangible assets How to determine the value of intangible assets Identification of intangible assets Amortisation of intangible...

Contents What are non current liabilities? Types of non current liabilities Important financial ratios incorporating non current liabilities Why are non current liabilities important to investors? Non current liabilities on the balance sheet What are non current...

Contents What are non current assets? Tangible and intangible assets Types of non current assets Capitalisation of non current assets Financing strategies for non current assets Current assets vs non current assets What are non current assets? According to AASB 101,...