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Revenue Recognition or Realisation
The resources of business are utilized to earn revenue through sale of goods or rendering of services.The American Accounting Association described revenue as "the monetary expression of the aggregate of products or services transferred through an enterprise to its customers during a period of time" and according to Robert N Anthony "revenue is being considered as earned the date at that it is realized that is the date while goods or services are furnished to the customers in exchange for cash or for other valuable consideration.
Therefore the revenue is considered realized while the sales process is complete and transfer of title or ownership takes place. Therefore it is not essential that cash inflow should take place.
Calculate the present value and determine the npv, Financial Management. Assume today is 3 December 2009. Helen is 30 years old and has a Bachelor of Business. She is currently em
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Determination of values The values for which NPV turns into zero are found by calculating the break-even values for the selected variables. Once determined these give an indica
Illustration Discount bond (5 yr. bond with 10% coupon) (expected rate yield at 12%) Premium bo
Depository institutions Depository institutions: intermediaries with a important proportion of their funds derived from customer deposits - include commercial banks - savings i
You have been hired as an economic advisor to the Southeastern Conference. As your first assignment they have asked you to identify three microeconomic and three macroeconomic issu
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The following are considered the major stumbling blocks: The process becomes expensive because of the stamp duty payable. It also
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