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State the Economic benefit of having accounting information
Economic benefit of having accounting information is even harder to assess. It's possible to implement some 'science' to problem of weighing the costs and benefits however a lot of subjective judgement is likely to be involved. No one would seriously advocate that typical business must produce no accounting information. At the same instance, no one would advocate that each item of information that could be seen as possessing one or more of key characteristics must be produced, irrespective of cost of producing it. Characteristics which influence the usefulness of accounting information and which have been discussed in this section are set out in Figure below.
1a. Explain why it is the case that the value of intermediate goods produced and sold during the year is not included directly as part of GDP, but the value of intermediate goods p
Berg Company adopted a stock-option plan on November 30, 2013, that provided that 73,200 shares of $5 par value stock be designated as available for the granting of options to offi
Illustration: Holding company with direct share holding Rain Ltd., Storm Ltd. and Thunder Ltd. are in the business of manufacturing tents. Their balance sheets as at 30 September
Q. What is basic defination of FCA? Yes. FCA is a method of accounting for all financial costs of funds used or committed for municipal solid waste (MSW) services. FCA suggests
What is accounting? Accounting is concerned with analysing, collecting as well as communicating financial information. Purpose is to help people who use this info to make more
Subsidiary company exclusion features 1) The standard does not require consolidation of a subsidiary acquired when there is evidence that the control is intended to be temporar
The excessive frequency of compounding is generally continuous compounding where the interest is compounded immediately. The data for continuous compounding for one year is e APR
some lectures on branch accounting chapter of advance accounting or way how to do journal entries or way of branch accounting??i m totally unaware of this chapter and want to study
The statement of comprehensive income for the year ended 31 December 2009 and its comparative is shown below: 2009 2008 $m
Do you have anyone on staff that understands acquisition accounting procedures?
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