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Enumerate the characteristics of accounting information
Qualities, or characteristics, which have just been depicted would help us to decide whether accounting information is potentially useful. If a specific piece of information has these qualities then it may be useful. Though, this doesn't automatically mean that it must be reported to users. We also have to determine whether information is material, or significant. This means that we must ask whether its misrepresentation or omission in the accounting reports would really alter the decisions which users make. Hence, in addition to possessing characteristics mentioned above, accounting information should also cross the threshold of materiality. If information isn't regarded as material, it must not be included within the reports as it would simply clutter them up and, possibly, interfere with the users' ability to interpret financial results. Type of information and amounts involved will generally conclude whether it is material.
a company recorded for the past year a sales of 500,000 and an operating incme of 40,000. What is the turnover needed to earn in order to achieve an ROI of 20%
These are the indirect costs that are related with manufacturing. Absorbed costs involve expenses like insurance, or property taxes for the building in which the production process
explain inflationary accounting
Q. What do you understand by Measurement Date in stock option? Measurement Date - The date at which equity share price and other pertinent factors, like expected volatility tha
Equation illustrates the relationship in between PVA n , A, K and n. So manipulating this a bit: We find that A = PVA n [(k (1 + k) n )/((1 +k) n - 1)] [(k (1 + k) n )/(
Refer to Figure, using the Mason's gain formula, determine the transfer function of the system.
Types of interest given under a will The interest given in a legacy, devise or gift of residue may be of the following kinds:- 1. Vested: A vested interest gives an immedi
how do i write an assignment about financial decision making
Q. Define Strong form efficiency? In robustly efficient market finance directors will be alert to the fact that market prices are an accurate reflection of their company's fina
What is the present value of $500 per year for ten years at 12 percent, assuming a regular, or ordinary annuity?
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