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Full, Fair and Adequate Disclosure
The architecture of business has evolved from proprietorship to partnership to joint stock companies or publicly held companies. Except from this in most of the companies the public has important interest and stakes. Further to the stake of the general public the organizations borrow from banks, government, creditors, etc.
In case of professionally managed companies there is a divorce among the management & owners of the business that is owners entrust the responsibility of running the business on professional managers. In nutshell for the several stakeholders of the business the only source of information is the financial statement prepared through the managers of the business. Thus, it is essential that important material information is disclosed and financial statements are honestly prepared in conformity with commonly accepted accounting principles (GAAP). Adhering to GAAP ensures full, fair and adequate disclosure of business transactions in financial report.
Q. Classification of Working Capital? Classification of Working Capital: - Working Capital is able to be classified in two ways firstly on the basis of concept and secondly on
Q. What do you mean by Variable working capital? Permanent or fixed: Permanent or fixed working capital is the minimum amount which is required to ensure effective utilization
Determine in brief about Venture capitalists Venture capitalists are organisations which take on risky business ventures. They provide finance for and generally require a high
A campany estimate a cash requirment of 900000 the opportunity interst eate is 9% per anual the transaction cost for borrowing or withdrawing fund is 264.5
What are the basic requirements for a successful JIT inventory control system? For a JIT system to be booming the supplier must be willing and capable to deliver materials instan
Q. How to develop career strategy? in this step employees need to focus on developing the knowledge experience and skills necessary to market self to prospective organizations.
Due to the complexity of the tasks involved in many projects, communication of responsibility for those tasks is often helped by means of graphical planning techniques.
Assume today is 3 December 2009. Helen is 30 years old and has a Bachelor of Business. She is currently employed as a personal banker for ANZ banking group in Sydney and earns $380
Functions of Financial Manager: - The financial manager is a associate of top management. He is intimately associated with the formulation of financial policies as well as financia
Q. Explain Economic Order Quantity? Economic Order Quantity (EOQ):- Economic order quantity (EOQ) is that quantity of material for which each order must be placed. Purchasing l
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