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Bank for International Settlements (BIS)
A consortium bank recognized to coordinate the collection and rescheduling of German reparations after World War I, the BIS has survived as a world central bank for 10 member countries. With consensus authorization from its member central banks, the BIS set standards for the global banking system.
Can you give me a more simple definition of Mutual Confidence and give me an example of a situation of it
Q. Economic substance of the transaction? In a few business transactions the economic substance of the transaction conflicts with its legal form. For instance a contract that i
The 2001 Recession: It is November 2001 and the U.S. Stock market has plummeted and the recent September 11th attacks have hurt consumer condence. Businesses have stop hiring and c
COMMON ADJUSTMENTS AFFECTING THE PREPARATION OF BALANCE SHEET ARE: 1. Closing stock : Closing stock come into view on the credit side of trading account and assets side of
what is the implication of applying accounting concept wrongly
The range of accounting can be presented in a diagrammatic form. Data collection and creation is the area that provides raw material for accounting. The data collecte
Describe the mechanisms that WorldCom's management used to transfer profit from other time periods to inflate the current period.
A characteristic organization chart for finance and accounting function is presented in following figure 2. You will notice the person at the helm of affairs the Director of Financ
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. Seasonality in sales? Based upon its operating record the company believes that its business is seasonal. Excluding the result of net sales, new store openings and earnings
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