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Has accounting become too interesting?
In recent years, accounting has become front-page news and has been a key talking point among those connected with world of business. Regrettably, attention which accounting has attracted has been for all the wrong reasons. We have observed that investors depend on financial reports to help to keep an eye both on the performance of the managers and on their investment. What, however, if managers provide misleading financial reports to investors? Recent revelations suggest that managers of some large businesses have been doing just this.
The fundamental concepts, discussed in the previous paragraphs, are the core components in the theory of accounting. Such concepts as postulates or conventions, although, permit a
XYZ plc provides engineering and consultancy services to the oil and gas industry. Over the past few years, they have incurred expenditure of £1m researching and developing a new
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Q. Explain about Freight collect? Freight collect indicates the buyer should initially pay the freight bill on the arrival of the goods. To demonstrate the use of these terms s
Q. What do you understand by Deferred income? Deferred income -- a liability which arises when a company is paid in advance for services orgoods that will be provided later. Fo
There is almost not, any organization that does not have an accountant. His task is all pervasive and he is included in a broad range of activities, particularly in a huge and comp
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