Data Structure
Networking
RDBMS
Operating System
Java
MS Excel
iOS
HTML
CSS
Android
Python
C Programming
C++
C#
MongoDB
MySQL
Javascript
PHP
A package is a bundle of modules, to be installed into a Python environment. And typically, this would include things like third-party libraries and frameworks.Package Managers are tools that help you manage the dependencies for your project implementation. For python-pip is the package manager provided by default with the rest of the Python standard library and things like the Python interpreter, pip’s main interface is a command-line tool.pip is written in Python which is used to install and manage software packages. as we know that pip is available by default with python, so we no need to install it again, ... Read More
The popular approach of installing pandas is using Anaconda distributions. Anaconda provides pre-installed libraries and applications by default, and we no need to install any packages externally.However, this approach means we are installing two many packages by default, Due to this anaconda costs more system storage.If you want to have more control over package installation, or if you want to save your system storage then using Miniconda may be a better solution than using anaconda.One can choose Miniconda if that −Do not have any problem installing each of the packages individually, if they want to work on a particular package.Don't ... Read More
Anaconda is a distribution of packages built for data science. as we know that pandas is a python package that is the best tool for data science operations. Anaconda is a python and R distribution, and it includes 100 plus python packages by default. It is also flexible to use in Windows machines as well as Linux machines.When you download Anaconda it will automatically come with conda(package manager), Python, and over 150 python scientific packages. It also has some default applications like Jupyter Notebook, Spyder, RStudio, Visual Studio Code, and some more.To install Anaconda, we need to download the anaconda ... Read More
Python pandas package can be installed via multiple ways which are −Using Anaconda distributions Using mini conda Using pipUsing Anaconda distributionsIf you are using anaconda distribution already in your system then no need to install pandas again Because pandas is a part of anaconda distribution. So we can directly import the pandas.To install a specific pandas version, give the below commandconda install pandas=1.1.5This will install the pandas 1.1.5 versionUsing mini condaBoth Anaconda and minconda use the conda package installer, but using anaconda will occupy more system storage. Because anaconda has more than 100 packages, those are automatically installed and the ... Read More
Pandas is built on top of NumPy, which means the Python pandas package depends on the NumPy package and also pandas intended with many other 3rd party libraries. So we can say that Numpy is required for operating the Pandas.The pandas library depends heavily on the Numpy array for the implementation of pandas data objects.Exampleimport pandas as pd df = pd.DataFrame({'A':[1, 2, 3, 4], 'B':[5, 6, 7, 8]}) print('Type of DataFrame: ', type(df)) print('Type of single Column A: ', type(df['A'])) print('Type of values in column A', type(df['A'].values)) print(df['A'].values)Explanationdf variable stores a DataFrame object created by using python ... Read More
The term "deferred tax" refers to a tax which shall either be paid in future or has already been settled in advance. In this article, we will see why a company may differ its tax to a subsequent fiscal year or why a company may choose to pay the tax in advance.Most companies normally prepare an "income statement" and a "tax statement" every fiscal year because the guidelines that govern the recording of income and taxation are slightly different. It is this slight disparity between the guidelines that creates the scope for deferred tax.Types of Deferred TaxThere are two types ... Read More
Amortization vs. DepreciationBoth Amortization and Depreciation are concepts that are used to account for the consumption of assets and how they lose their value over their useful life.We understand that tangible assets such as plant machinery, furniture, buildings, and vehicles lose their value over a period, which is called "depreciation". But, what about intangible assets such as copyrights, trademarks, patents, agreements, etc.? Such intangible assets too lose their value over a course of their useful economic life.Amortization is a concept similar to depreciation, but it is applied primarily to intangible assets and their periodic reduction in value over time. The ... Read More
We can apply the concept of depreciation in both accounting as well as tax calculations. In this article, we will see how Accounting Depreciation differs from Tax Depreciation, but before that, let us first understand what is depreciation and how it matters.We can define "depreciation" as a concept that is applied for the purpose of writing off the cost of an asset over its useful life. Companies have different types of tangible assets such as plant machinery, factory equipment, vehicles, etc. The fair value of such tangible assets reduce over a period of time. This is what we call "depreciation". ... Read More
As the name suggests, an "installment sale" is an approach where the seller allows the buyer to make payments in installments over a period of time. It is a Revenue Recognition method in which the seller defers the revenues until the payment is received.In an Installment Sale, the revenues and the expenses are recognized at the time when the actual cash flow occurs, rather than at the time of sale. Installment Sales are quite prevalent in real-estate deals.Note that, although the buyer gets the goods at the beginning of the installment period, the ownership is not fully transferred at the ... Read More
Most of the big companies do business on credit. They supply goods and services for which the payments are received at a later stage or over a period of time. Hence, it becomes important for companies to follow a standard process to recognize the revenue from such transactions and record them in their financial statements.There are multiple stages at which a company can recognize the revenues in its books.Revenue Recognition CriteriaAccording to the International Financial Reporting Standards, the following conditions must be satisfied to have a company recognize its revenues −There should be sufficient assurance that the payment will be ... Read More