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Full, Fair and Adequate Disclosure
The architecture of business has evolved from proprietorship to partnership to joint stock companies or publicly held companies. Except from this in most of the companies the public has important interest and stakes. Further to the stake of the general public the organizations borrow from banks, government, creditors, etc.
In case of professionally managed companies there is a divorce among the management & owners of the business that is owners entrust the responsibility of running the business on professional managers. In nutshell for the several stakeholders of the business the only source of information is the financial statement prepared through the managers of the business. Thus, it is essential that important material information is disclosed and financial statements are honestly prepared in conformity with commonly accepted accounting principles (GAAP). Adhering to GAAP ensures full, fair and adequate disclosure of business transactions in financial report.
Identify and describe three types of start ups firms. Give an example of one you have dealt with. What is a business plan, what are its major components, and why is it important
Q. What do you mean by S Corporation? S Corporation - An S Corporation is a corporation that, under Internal Revenue Code, is normally not subject to federal income taxes. In i
The authority and duties of members (shareholders) Members and shareholders shall together and severally protect, conserve and actively exercise the supreme authority of the co
What is the Ratio uses To compare results over a period of time To measure performance against other organisations To compare results with a target To compare against
Rationale for corporate governance The organization of the world economy (particularly in present years) has seen corporate governance gain prominence mostly since: Insti
a) Debentures are a source of external long term (loan) finance for which interest is paid to the debenture holder. Debenture holders do not usually have voting or ownership rights
N egotiation You can also negotiate with the bidders based on the requirements as mentioned below. You can negotiate only with the lowest evaluated responsive and qualified
Pension fund management Pension fund systems ought to be carefully designed and supervised to make sure that their purposes are met, the economic consequences are appropriate a
The recent financial reform in the Public Sector that had been implemented in Fiji is essential. Critically evaluate this statement.
Trading Mechanism Of Future: Flow of the Order Any person who wants to trade in futures has to contact a Futures Commission Merchant (FCM) or a broker. First, let us look
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