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What is Creative accounting
Creative accounting (also termed as aggressive accounting or earnings management) distorts financial analysis of company accounts. Creative accounting is done by organisations to perhaps enhance balance sheet or performance by either exploiting loopholes in the accounting standards or deliberately not showing certain items. Listed companies specifically have added pressures for the maintenance and increase of share prices; this obviously has an influence on the valuation of company. As share prices are stipulated by the market, information fed to market can be manipulated to ensure this.
There has been a severe crackdown on misleading accounts specifically with the disasters such as Enron and WorldCom. In USA there are now huge financial penalties and even jail sentences for directors deliberately misleading users the accounts. In UK directors are legally obliged to produce true and fair accounts.
Assume that the treasurer of a company has an extra cash reserve of $1,000,000 to invest for six months. The six-month interest rate is 8% per year in the U.S. and 6% per year in G
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Factors Affecting cost of capital are elements in the business environment that cause a company cost of capital to be high and low. Figure below illustrative the various primary fa
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Explain the term- Interest cover Interest cover =Profit before interest and tax (PBIT)/ Interest payable(no. of times) Interest cover represents the safety of earnings tha
Given below are the cash flows of a project. Find out the net present value of the project. Cost of capital is 18% and initial investment is Rs. 2,00,000. Year Cash Flows (lakhs)
Q. Determine Interest coverage ratio? Current interest coverage ratio = 7000/500 = 14 times Increased profit before interest and tax = 7000 × 1.12 = $7.84m Increased inte
Claim for Refund - A refund isn't automatically mailed if one is due. A taxpayer whether individual orbusiness, should file a request on a form. It should also be filed within the
What are the techniques of financial management There are two widely-discussed techniques: (i) Profit maximisation approach and (ii) Wealth maximisation approach.
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