Imran Moten

💡 Every Accountant is an Auditor, but Not Every Auditor is an Accountant Sounds confusing? Let’s break it down 👇 ✅ Every Accountant can be an Auditor Accountants are trained in bookkeeping, preparing financial statements, and financial analysis — all skills that auditing requires. ❌ Not every Auditor is an Accountant Some auditors only focus on reviewing records or internal controls. They may never prepare full financial statements or manage an entire accounting cycle. 📊 Accountants = Prepare, analyze, and manage financial records 🔍 Auditors = Review and verify the accuracy of those records Key takeaway: Learn accounting well, and you’ll have the skills to do both. But focusing only on auditing doesn’t make you a full accountant. ✅ Save this #Post and level up your #skills today & If you found this #post useful, please repost ♻️ to share with your #audience & Follow Vikram Maan for more insights ! Smart businesses decode these levers early. Do you separate each one—or is it all just "cost" in your books?📚📚 📢 Share your thoughts or connect for more accounting tips! Let’s discuss in the comments👇 #Accounting #Finance #AccountingTerms #FinancialLiteracy #AccountingBasics #AccountingTips #FinanceCommunity #Bookkeeping #BusinessFinance #CashFlow #Taxation #Audit #AccountingCareers #FinancialEducation #SmallBusiness #Entrepreneurship #FinancialPlanning #FinancialStatements #FinanceTips #FPandA #AccountingLife #CorporateFinance #BusinessGrowth #MoneyManagement #FinancialReporting #CFO #AccountingStudents #CashFlow #Finance #BusinessGrowth #CFOInsights #FinancialManagement #Entrepreneurship #Accounting #Auditing #FinanceCareers #ProfessionalGrowth

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Accounting Interview Questions Master these questions and get the job you deserve 1. How many types of business transactions are there in accounting? 2. Explain real and nominal accounts with examples 3. Which accounting platforms have you worked on? Which one do you prefer the most? 4. What is double-entry bookkeeping? What are the rules associated with it? 5. What is working capital? 6. How do you maintain accounting accuracy? 7. What is TDS? Where do you show TDS on a balance sheet? 8. What is the difference between ‘accounts payable (AP)’ and ‘accounts receivable (AR)’? 9. What is the difference between a trial balance and a balance sheet? 10. Is it possible for a company to show positive cash flows and still be in grave trouble? Source: Naukri Learning

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21 Terms Every Finance Pro Should Know 💼📊 📘 1. Assets (IAS 16 & IAS 38) Resources like machines or patents that bring future benefits. #Assets #IFRS 📘 2. Liabilities (IAS 1 & IFRS 9) Obligations like loans or payables—must be settled over time. #Liabilities #IFRS9 📘 3. Equity (IAS 1) The owner's stake after all debts—includes share capital & retained earnings. #Equity #FinancialPosition 📘 4. Revenue (IFRS 15) Earned income from goods/services via a 5-step recognition model. #RevenueRecognition #IFRS15 📘 5. Expenses (IAS 1) Costs like rent, salaries, materials—matched against revenue. #BusinessExpenses #MatchingPrinciple 📘 6. Net Profit (IAS 1) Income left after all expenses. Key for performance analysis. #ProfitAndLoss #NetIncome 📘 7. Loss When expenses > income—critical to assess and pivot quickly. #LossStatement #BusinessAnalysis 📘 8. Cash Flow (IAS 7) Tracks real cash movements from operating, investing, and financing. #CashFlow #IAS7 📘 9. Gross Margin / COGS (IAS 2) Revenue – Direct costs = Gross Margin. #GrossMargin #COGS 📘 10. Balance Sheet / Income Statement (IAS 1) Snapshot vs. performance. Together, they tell your business story. #BalanceSheet #IncomeStatement 📘 11. Cash Flow Statement (IAS 7) Where is your cash coming from—and where is it going? #CashFlowStatement #FinancialReporting 📘 12. Debits, Credits, Ledger The heart of double-entry accounting. Accuracy is everything. #DoubleEntry #GeneralLedger 📘 13. Trial Balance Internal checkpoint before final reporting. Must always balance. #TrialBalance #AccountingControls 📘 14. Accrual vs. Cash Accounting (IAS 1 & IAS 7) Accrual = earned/incurred | Cash = paid/received. IFRS prefers accrual. #AccrualAccounting #AccountingStandards 📘 15. Depreciation / Amortization (IAS 16 & IAS 38) Spreading asset cost over useful life. Tangibles = Depreciation, Intangibles = Amortization. #Depreciation #Amortization 📘 16. Break-even Point No loss, no gain—just enough to cover all costs. #BreakEven #CostAccounting 📘 17. Budgeting & Forecasting Planning = Performance. It’s how future goals become reality. #Budgeting #Forecasting 📘 18. Capital Expenditure (CapEx) (IAS 16) Long-term investment like buying new equipment—not a regular expense. #CapEx #AssetInvestment 📘 19. Inventory (IAS 2) Everything from raw materials to finished goods. #InventoryManagement #IAS2 📘 20. Working Capital Liquidity health check: Current Assets – Current Liabilities. #WorkingCapital #Liquidity 📘 21. Compliance & Controls Following tax laws, IFRS, policies—and using Trial Balance for internal accuracy. #Compliance #AccountingControls 💬 Which of these terms was new or most helpful to you? Drop a comment or share this post with your network! #AccountingBasics #FinanceTips #IFRSStandards #FinancialLiteracy #BusinessFinance #CashFlowManagement #LinkedInLearning #FinanceLeadership #AccountingTerms

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🔍 Accounts Payable (AP) vs Accounts Receivable (AR): A Simple Breakdown Many people confuse AP and AR, but understanding the difference is crucial for anyone in finance, accounting, or business operations. 📌 Accounts Payable (AP) AP is part of the P2P (Procure-to-Pay) cycle. It involves: ✅ Receiving vendor invoices ✅ Processing them for payment ✅ Making sure payments are accurate and on time ✅ Reconciling vendor statements In short, AP = Money going out 💸 (Paying vendors/suppliers) 📌 Accounts Receivable (AR) AR is part of the O2C (Order-to-Cash) cycle. It involves: ✅ Creating customer invoices ✅ Collecting payments from customers ✅ Applying payments against invoices ✅ Following up on overdue amounts and resolving disputes ✅ Reconciling accounts In short, AR = Money coming in 💰 (Collecting from customers) hashtag hashtag hashtag #SeniorAccountant hashtag hashtag hashtag #AccountingCareers hashtag hashtag hashtag #FinanceJobs hashtag hashtag hashtag #JobInterview hashtag hashtag hashtag #CareerTips hashtag hashtag hashtag #FinanceProfessionals hashtag hashtag hashtag #AccountingLife hashtag hashtag hashtag #AccountingJobs hashtag hashtag hashtag #FinanceCareers hashtag hashtag hashtag #CorporateFinance hashtag hashtag hashtag #FinancialReporting hashtag hashtag hashtag #Audit hashtag #InternalControls hashtag #Governance hashtag #RiskManagement hashtag #Compliance hashtag #Finance hashtag #Emirates hashtag #FederalTaxAuthority #CharteredAccountant hashtag hashtag #Caarticles hashtag hashtag #Form3CD hashtag hashtag #Form3CA hashtag hashtag #IncomeTax hashtag hashtag #TaxCompliance hashtag hashtag #CATools hashtag hashtag #Finance hashtag hashtag #AuditSeason hashtag hashtag #Excel hashtag #Big4 hashtag hashtag hashtag #FPandA hashtag hashtag hashtag #LeadershipInFinance hashtag hashtag hashtag #AuditAndCompliance hashtag hashtag hashtag #CareersInFinance hashtag hashtag hashtag #FinanceLeaders

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IMPORTANT JOURNAL ENTRIES 1. Accrued Expenses When owed but not yet paid: Record expenses incurred but unpaid. Dr: Expense (e.g., Wages Expense) Cr: Accrued Expense When paid: Settle the liability. Dr: Accrued Expense Cr: Bank 2. Accrued Revenue When earned but not yet received: Recognize revenue earned but not collected. Dr: Accounts Receivable Cr: Revenue When received: Record the collection of receivables. Dr: Bank Cr: Accounts Receivable 3. Advance from Customers (Unearned Revenue) When payment is received in advance: Record customer payments received before earning revenue. Dr: Bank Cr: Unearned Revenue When revenue is earned: Adjust for revenue earned. Dr: Unearned Revenue Cr: Revenue 4. Amortization of Intangible Assets Record periodic allocation of intangible asset cost. Dr: Amortization Expense Cr: Accumulated Amortization 5. Bad Debt Expense Estimate uncollectable accounts to reflect the expected loss. Dr: Bad Debt Expense Cr: Allowance for Doubtful Accounts 6. Capital Introduced Record capital introduced by the owner or investors. Dr: Bank Cr: Capital 7. Depreciation Recognize asset wear and tear over time. Dr: Depreciation Expense Cr: Accumulated Depreciation 8. Dividends Declared Record the announcement of dividends to shareholders. Dr: Retained Earnings Cr: Dividends Payable 9. Payment of Dividends Record payment of declared dividends. Dr: Dividends Payable Cr: Bank 10. Interest Expense When interest accrues on a loan: Record unpaid interest expense. Dr: Interest Expense Cr: Interest Payable When interest is paid: Clear accrued interest liability. Dr: Interest Payable Cr: Bank 11. Inventory Purchase on Credit Record inventory purchased on credit. Dr: Inventory Cr: Accounts Payable 12. Inventory Sale To record sales revenue: Recognize revenue for the sale. Dr: Bank Cr: Revenue To record cost of goods sold (COGS): Match the inventory cost to the sale. Dr: Cost of Goods Sold Cr: Inventory 13. Loan Interest Paid Record loan interest payments made. Dr: Interest Expense Cr: Bank 14. Loan Payment Record principal repayment on a loan. Dr: Loan Payable Cr: Bank 15. Payroll Entry When wages are due: Record employee wages incurred but unpaid. Dr: Payroll Expense Cr: Wages Payable When wages are paid: Settle wage liability. Dr: Wages Payable Cr: Bank 16. Prepaid Expense When paid in advance: Record payment for future expenses. Dr: Prepaid Expense Cr: Bank When used: Transfer the expense to the income statement. Dr: Expense Cr: Prepaid Expense 17. Sales Tax Payable Record collected sales tax and revenue. Dr: Bank Cr: Sales Revenue Cr: Sales Tax Payable 18. Tax Payment Record payment of taxes to the government. Dr: Income Tax Expense Cr: Bank

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📊 Accounts Payable (AP) vs Accounts Receivable (AR) – A Complete Guide for Students & Professionals 👨💼👩💼 In the world of accounting, two terms play a critical role in managing cash flow and business performance: Accounts Payable (AP) and Accounts Receivable (AR). Though they sound similar, they represent opposite sides of the same coin. Let’s break it down 👇 🔹 Accounts Payable (AP) AP refers to the money a company owes to its suppliers/vendors for goods or services purchased on credit. It’s recorded as a liability on the balance sheet. ✅ Cash outflow when paid ✅ Goal: Extend payment terms to preserve cash ✅ Risk: Late payment penalties & credit rating damage ✅ Strategy: Delay outflow for better cash flow management 🔹 Accounts Receivable (AR) AR refers to the money owed to the company by customers who purchased on credit. It’s recorded as an asset on the balance sheet. ✅ Cash inflow when collected ✅ Goal: Accelerate payment receipt ✅ Risk: Bad debts & delayed collections ✅ Strategy: Offer early payment discounts & follow up rigorously ⚖️ Advantages ✔️ AR boosts operational cash flow by speeding up collections ✔️ AP helps manage cash by using supplier credit at no cost ⚠️ Disadvantages ❌ AR may face non-payment from customers, impacting cash flow ❌ AP delays can lead to late fees & strained supplier relationships 👉 In short: AP = Outflow, AR = Inflow. Both are crucial for cash flow management, and mastering the balance between them is key for a company’s financial health. 💡 💬 What do you think is tougher to manage – AP or AR? Comment below! 👇 Collected...

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DOUBLE ENTRY UNDER IAS 16 On acquisition of the fixed asset 1.Debit the fixed asset 2.Credit the cashbook (with the original cost of the asset) At the end of each year 1.Debit profit and loss account 2.Credit accumulated depreciation (with the depreciation charge for that year) Revaluation upwards 1.Debit the fixed asset 2.Credit the revaluation surplus (OCI) (with the gains) Revaluation downwards 1.Debit the profit or loss account 2.Credit the fixed asset account (with the loss) On disposal of asset 1.Debit the disposal account 2.Credit the fixed asset account (with the original cost of the asset) 1.Debit the accumulated depreciation account 2.Credit the disposal account (with the accumulated depreciation of that asset) 1.Debit the disposal account 2.Credit the profit and loss account (when there is profit on disposal) 1.Debit the profit and loss account 2.Credit the disposal account (when there is a loss)

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CPA vs. CMA vs. ACCA vs. CA – Which is Best for UAE Professionals? If you’re in the UAE and building a career in finance, accounting, or management, choosing the right certification isn’t just about passing exams—it’s about unlocking better salaries, promotions, and opportunities. Here’s how they stack up in the UAE market: 1. CPA (US – Certified Public Accountant) Highly valued by Big 4, multinational companies, and US-linked firms in Dubai/Abu Dhabi. Great for audit, financial reporting, and senior accounting roles. Why UAE loves it? US GAAP + IFRS knowledge = global credibility. Salary Edge: Excellent for finance managers & controllers. 2. CMA (US – Certified Management Accountant) Top pick for corporate finance, FP&A, cost management, and CFO-track roles. UAE companies look for CMAs in manufacturing, retail, oil & gas, and investment sectors. Why UAE loves it? Combines accounting + strategic decision-making. Salary Edge: CMAs earn up to 40% more in management roles. 3. ACCA (UK – Association of Chartered Certified Accountants) One of the most popular in UAE, especially with SMEs, consulting firms, and mid-tier companies. Recognized in 180+ countries. Flexible = perfect for working professionals. Why UAE loves it? IFRS expertise + global recognition. Salary Edge: Great entry-to-mid career option with international mobility. 4. CA (India/Pakistan – Chartered Accountant) Highly respected in the GCC, especially in audit firms, taxation, and CFO roles. If you have CA + UAE experience, you’re in demand! Why UAE loves it? Strong technical depth & regulatory knowledge. Salary Edge: Senior CAs often reach CFO-level salaries here. Which is best for YOU in the UAE? Big 4/MNC career? → CPA or ACCA Corporate finance/CFO path? → CMA Audit/Tax dominance in GCC? → CA Already working, need flexibility? → ACCA or CMA Bottom line: In UAE, all can pay off—but the “best” one depends on your career vision. Which one are you pursuing—or thinking about? Let’s hear your story 👇 #UAEJobs #FinanceCareers #CPA #CMA #ACCA #CA #DubaiJobs #SalaryGrowth #Accounting

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🔥 Why So Many Pakistani Accountants Fail in GCC Job Hunt (and How to Avoid Coming Back Empty-Handed) Every month, I see a painful story repeat: 👉 Talented accountants land in KSA or UAE with dreams of Big 4 jobs or finance roles. 👉 They spend 3–6 months applying everywhere… but hear nothing back. 👉 Savings run out. Frustration builds. Some have no choice but to return home — without a job. The harsh truth? **It’s not because you’re less capable. It’s because you weren’t prepared before boarding the plane.** Here’s the high cost of not preparing: ❌ 200+ CVs rejected by ATS because they aren’t GCC-optimized ❌ LinkedIn profile invisible to recruiters ❌ Networking limited to 2–3 personal contacts instead of 200+ alumni/referrals ❌ Months wasted in a new country without income Now — here’s the roadmap that can change everything. 💡 A 6-week pre-departure strategy for accountants: ✅ **Week 1–2:** Build an ATS-optimized CV tailored to GCC job descriptions ✅ **Week 2–3:** Transform LinkedIn profile → headline, keywords, experience with GCC relevance ✅ **Week 3–4:** Start alumni networking (ACCA, CA, Big 4, Pakistani firms working in GCC) ✅ **Week 4–5:** Send targeted outreach messages to 50–100 professionals weekly ✅ **Week 6:** Apply with referrals already in hand + interview practice When you prepare like this, you don’t just “land” in GCC… 👉 You land with doors already half-open. 💬 My advice: Don’t risk 6 months of savings and career gaps. Invest 6 weeks in preparation before your flight. Because coming back home empty-handed is the **most expensive ticket you’ll ever buy.** #AccountingCareers #ACCA #CA #GCCJobs #SaudiArabiaJobs #UAEJobs #CareerGrowth #JobSearchStrategy #PakistaniAccountants

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