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Accounting Principle
Accounting principles are the primary assumptions, rules of operation, and necessary features that make up the framework for the construction of accounting financial statements.
In sequence to be useful, the accounting information must have certain features, such as being dependable and practical. For be dependable, the accounting information have to be accurate, unbiased, & verifiable. To be practical, accounting information have to be predictable, prepared in a timely fashion, & be able to give meaningful feedback. Additional characteristics are in which the accounting information must be consistent, comparable, serve a utilitarian required (such as cost/benefit), and make a material difference.
How Debt securities is different from term loan Debt securities are different from term loans provided by financial institutions and banks to the company. Term loans are long t
Interlinkage in the Financial Markets - Common Features The interlinkage present in the financial markets is essentially due to the fact that all these markets are in the proce
(a) Prior to FAS 133 if companies qualified for hedge accounting their hedges were assumed to be perfect-no valuation or testing required. Currently under FAS 133 risk managers se
Q. Criticism of Wealth Maximization? i) The objective of wealth maximization is not, necessarily, socially desirable. ii) There is some controversy whether the objective of
Define the meaning of procurement Term procurement was used in a broad sense so as to include the whole gamut of raising funds externally.
Treasury Bills, popularly known as T-bills, are issued in India by the RBI on behalf of the Government of India. T-bills are short-term securities with a maturity of 91
Scope of Financial Management The approach to scope and functions of financial management is divided, forpurposes of exposition, into two broad categories: (a) Traditional A
The personnel department of a firm is entrusted with the responsibility of recruitment, training and placement of the staff for the firm. The department is also required to critica
CLASSIFICATION OF BUDGETS Budgets can be categorized on the basis of several bases. There are three important bases for classifying budgets. They are - functions, time, and
Explain learning outcomes of financial management By the end of this subject guide as well as having done the relevant readings and activities you should be able to
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