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Has accounting become too interesting?
In recent years, accounting has become front-page news and has been a key talking point among those connected with world of business. Regrettably, attention which accounting has attracted has been for all the wrong reasons. We have observed that investors depend on financial reports to help to keep an eye both on the performance of the managers and on their investment. What, however, if managers provide misleading financial reports to investors? Recent revelations suggest that managers of some large businesses have been doing just this.
Limitations of Ratio Analysis : In spite of the a variety of uses of ratio analysis, it go through from certain limitations, some of which are as under; 1. Limited use
How to create account for barter transactions? As My Company is providing a service to another company and that company is reimbursing us with his service.
During the current year, Mast Corporation expects to produce 10,300 units and has budgeted the following: net income $350,376; variable costs $1,080,800; and fixed costs $105,000
is accounting is an art or science
Explain about the payroll register This is a summary of gross earnings, deductions and net pay for all employees for a specific payroll period. Register illustrates all amounts
Determine the additional cash a company could obtain from its working capital accounts if it can improve its average collection period by three days and inventory turnover by 0.5 t
The percentage analysis of changes of corresponding items in comparative financial statements is referred to as horizontal analysis. A. True B. Fals
Uses of Funds Flow Statement : This declaration is extremely helpful for policy makers as it traces the movement of funds inside the organization. Various of the uses include
Q. Explain about Cost of goods sold? Cost of goods sold is the main expense in merchandising companies. Note the cost of goods sold segment of the classified income statement i
1. The closing stock of Prince Corporation has been reduced by $8,000 from its opening amount of $22,000. 2. No dividend has been paid or proposed by the company. 3. The only cap
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