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Rationale of Accounting Standards
Accounting Standards are created along with a view to harmonise various accounting policies and practices in use inside a country. The goal of Accounting Standards is, thus, to decrease the accounting alternatives in the preparation of financial statements inside the bounds of rationality, thereby ensuring comparability of financial statements of various enterprises with a view to give meaningful information to several users of financial statements to enable them to make informed economic decisions.
What are the Internal audits Internal audit is seen as independent from management who are devising and implementing internal controls and must be able to provide advice on in
How and why does working capital affect the incremental cash flow estimation for a proposed large capital budgeting project? Explain. Several large projects require additional
Define the importance of mutual funds in the investment intermediaries. Mutual funds: Mutual funds pool resources by several companies and individuals and invest these re
Outsourcing Outsourcing is referring to purchase of parts from outside suppliers. Outsourcing is the external acquisition of services or components used in the production of go
Significance of cost of capital
SUPERVALU INC . , a large US retail grocer, had $36.1 billion in sales for its fiscal year ended February 25, 2011. SUPERVALU currently reports using US GAAP. The controller of
A technique for knowing a company's worth that is based on earnings and book value. It is also known as the residual income model, it seems at whether management's decisions cause
Harmonisation of Accounting Standards Recognising the required for international harmonisation of accounting standards, in year 1973, the International Accounting Standards Co
Correlation Among Stock Index Returns Correlation among stock Index Returns can be defined as the extent to which the values of different types of investments move in tandem wi
PAMs are so structured that the repayments resemble traditional mortgages from the lenders' point of view and resemble GPMs from the borrowers' point of view. Thi
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