Concept of accounting for wealth creation, Financial Accounting

Assignment Help:

Concept of accounting for Wealth creation

It is significant to recognise that generating wealth for the owners isn't the same as seeking to maximise the current year's profit. Wealth creation is a longer-term concept that relates not only to this year's profit however to that of future years as well. In short term, corners can be cut and risks taken that improve current profit at the expense of future profit.

Related Discussions:- Concept of accounting for wealth creation

Promissory note - evidence of a debt, Promissory Note - Evidence of a DEBT ...

Promissory Note - Evidence of a DEBT with specific amount due and interest rate. Note may specify a maturity date or it may be payable on demand. Promissory note may or may not acc

Earn profit or incurred loss , Assure you have just started a Mobile sto...

Assure you have just started a Mobile store. You sell mobile sets and currencies of Airtel, Vodaphone, Reliance and BSNL. Take five transactions and prepare a position stateme

Introduction to accounting, what is the purpose financial statement

what is the purpose financial statement

Disposal of business segment, NSC Ltd has a 31 may fiscal year end

NSC Ltd has a 31 may fiscal year end

Key person insurance, For purposes of rules which apply to top heavy plans,...

For purposes of rules which apply to top heavy plans, a key employee: 1. An officer of employer earning more than $130,000; 2. An individual who owns more than 5 percent of e

Prepate a flexible budget for production, with the following data for a 60 ...

with the following data for a 60 percent activity, prepare a flexible budget for production at 80 percent and 100 percent activity production at 60% activity - 6000 units

Partnership accounting, How does ordinary shares and preference shares incl...

How does ordinary shares and preference shares included in the account

Drawbacks of voluntary disclosures, Potential advantages to BNM Narrat...

Potential advantages to BNM Narrative reporting will enable BNM to provide information about social, economic and environmental policies. Many users are influenced by an entit

History of trust-trusts laws and accounts, History of trust The followi...

History of trust The following general information should be kept with the trust documents: Summary of will or trust deed; Short history of the trust; Trustees’ nam

Decisions about managerial remuneration packages, Q. Decisions about manage...

Q. Decisions about managerial remuneration packages? In recent years there has been an improved emphasis on decisions about managerial remuneration packages being removed from

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages