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Q. What do you mean by Sarbanes-Oxley?
Sarbanes-Oxley (SOX) - Sarbanes-Oxley Act was signed into law on 30 July 2002 by President Bush. Act is designed to oversee the financial reporting landscape for finance professionals. Its objective is to review legislative audit requirements and to protect investors by improving accuracy and reliability of corporate disclosures. Act covers issues like establishing a public company accounting oversight board, corporate responsibility, auditor independence and enhanced financial disclosure. It also expressively tightens accountability standards for directors and officers, securities analysts, auditors and legal counsel. Law is named after Senator Paul Sarbanes and Representative Michael G. Oxley.
Movements in working capital The year-end balances of trade, inventories and other receivables and payables are taken for current year-end as well as last year-end statement
lso from the auditor's report, they have reported that the company has used funds raised on short-term basis for long-term investment. The company has purchased certain fixed asses
Q. Definition of Capital Budgeting? Capital Budgeting is the procedure of making decisions for investment in long-term assets. It is a method of deciding whether or not to inve
AskThink back to a time when you have worked for a supervisor who moved from one leadership style to another based on situational variables described in the Long and Spurlock (2008
The director of capital budgeting for a firm has recognized two mutually exclusive projects, A and B, with the following expected net cash flows:
The Central Bank is an authority responsible for monetary policy of its country. It regulates money supply and credit, issues currency, and manages exchange rate.
Credit enhancement is a key part of the securitization transaction in structured finance, and is important for credit rating agencies. Credit enhancem
Q. Basic objectives of cash management? The basic objectives of cash management are two-fold: 1) To meet the cash disbursement needs (payment schedule); and 2) To minimize f
Q. What is Adjusted Gross Income? Adjusted Gross Income - Gross income decreased by business and other specified expenses ofindividual taxpayers. Amount of adjusted gross incom
Briefly explain the accounting concepts which guide the accountant at the recording stage.
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