Both an attorney and solicitor are types of lawyers. The term attorney tends to refer to a person who tends to act on behalf on someone else, especially in business or legal matters. A solicitor is a person of...

Basically, a lawyer is someone who has studied and trained in law. Lawyer is a basic term that refers to any person who has a law degree. An advocate is a special type of lawyer, who is eligible to stand in...

IFRS stands for International Financial Reporting Standards. It was developed by an independent, not-for-profit organization called the International Accounting Standards Board (IASB). The Indian GAAP is...

The IFRS stands for the International Financial Reporting Standards. It was developed by an independent, not-for-profit organization called the International Accounting Standards Board (IASB). The U.S. GAAP or...

Debt is every similar to liabilities. Both refer to obligations in which money needs to be paid back. In most instances, debt includes all liabilities, especially when calculating debt-to-equity ratio. However...