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Weighing up the costs and benefits
You may feel that, when considering a piece of accounting information, provided four main qualities identified are present and it's material it must be gathered and made available to users. Unfortunately, there is one more hurdle to jump. Something may still exclude a piece of accounting information from the reports even when it is considered to be useful.
Theoretically, a particular item of accounting information must only be produced if costs of providing it are less than benefits, or value, to be derived from its use. Figure demonstrates relationship between the costs and value of providing extra accounting information.
Figure: Relationship between costs and the value of providing additional accounting information
Calculation of the actuarial gain/losses in year to 31 December 2010 FV of plan assets PV of plan liabilities $000
GoFlo is a small growing firm that is considering the purchase of another truck to serve GoFlo's expanding customer base. The new truck will cost $21,000 and should generate annual
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LANDLORD'S RIGHT OF DISTRESS The Landlord's right to distrain for arrears of rent is not lost on the tenant's bankruptcy, but 1) Distress can only be levied after commencement
In the NPV analysis, sunk cost is not relevant whereas opportunity cost is for project evaluation. Requirements: Describe and justify the above statement about sunk cost an
Court jurisdiction A court may limit a grant of representation which it has jurisdiction to make, as follows: 1. Where the will has been lost or mislaid since the testator's
how to account cst collected
Changes in accounting estimates In preparing financial statements, it may be difficult to arrive at exact values for certain items to be presented in the financial statements and
what managers should know about internal rate of return( IRR) and why
definition of historical cost accounting
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