Fair value accounting is a financial reporting approach in which companies are required or permitted to measure & report on an ongoing basis certain assets and liabilities at estimates of the prices they would receive if they were to sell the assets or would pay if they were to be relieved of the liabilities.

A legally required review of the accuracy of a company or government financial record’s. The purpose of a statutory audit is the same as the purpose of any other audit to determine whether an organization is providing a fair and accurate representation of it’s financial position by examining information such as bank balances, bookkeeping records and financial transactions is called Statutory Audit.

Mobile Banking is a service that allow’s you to access your accounts using your internet enabled smartphone’s. You can take your bank with you wherever you go. It’s a secure and simple way to bank.

The capital of a business that is used in its day-to-day trading operations, calculated as the current assets minus the current liabilities.

After trading account a final account is prepared and the transformation of the accounts from trading to profit & loss account it is called finalizing of accounts.

On a balance sheet the value of a company property, equipment and other capital assets expected to be usable for more than one year, minus depreciation is  called long term asset.

Set of documents prepared usually by government agencies at the end of an accounting period. It generally contains summary of accounting data for that period, with background notes, forms, and other information is called financial reporting.

It can not be said that the entire issued capital will be taken up or subscribed by the public. It may be subscribed in full or in part. The part of issued capital, which is subscribed by the public, is known as subscribed capital.

Ratio Analysis is a form of Financial Statement Analysis that is used to obtain a quick indication of a firm’s financial performance in several key areas. The ratios are categorized as Short-term Solvency Ratios, Market Value Ratios, Profitability Ratios, Asset Management Ratios and Debt Management Ratios.

The authorized capital of a company is the maximum amount of share capital that the company is authorised by it’s constitutional documents to issue to shareholders.