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Search results for keyword: gaap
Long-term investment impairment provision
Long-term Investment Impairment Provisions The concept of impairment provision applies not only to impaired intangible and tangible assets but also to long-term investments. When an investors long-term investments suffer a loss in value, the investor will usually prepare an impairment provision, ......
Stock investment audit
Stock investment audit Introduction: An audit is an independent and objective audit of a company’s financial information, and its purpose is to assess the accuracy and reliability of that information. Stock investments requires the auditing of financial statements, risks, and other records to a......
tags: stock audit investment audit investment their
14/07/2023
1048
Avery
reverse merger listing
Reverse Acquisition of a Public Company Introduction Reverse acquisition is an acquisition strategy that involves one company purchasing another company, with the latter company legally taking over, or merging with, the former company and using its publicly traded status in order to access publi......
tags: reverse company acquisition company takeover their
14/07/2023
1059
Ashley
Prepaid expenses
Definition Deferred expenses, also known as prepaid expenses or prepayments, are costs for goods and services that have been paid for prior to the recognition of an expense in the current period. Deferred expenses are recorded as an asset, then amortized or written-off over the course of multiple......
tags: expenses period deferred expenses deferred used
12/07/2023
1040
Liam
FASB
Financial Accounting Standards Board The Financial Accounting Standards Board (FASB) is a body of financial experts that was created to set accounting standards for businesses, nonprofit organizations and government entities so that financial information is presented in a way that is consistent a......
tags: accounting financial standards financial accounting standards
12/07/2023
1059
Sophie
Financial Accounting Conceptual Framework
Financial Accounting Concepts Framework Financial accounting is an important part of the accounting process and provides information for external users. It is a process of recording and classifying economic events, summarizing and communicating financial information to people outside of the organ......
tags: accounting financial should financial framework companies
12/07/2023
1038
Riley
financial inspection report
Financial Audit Report Introduction This report is a detailed financial audit of ABC Company for the year ending December 31, 2020. This audit process was conducted in full adherence to the generally accepted auditing standards (GAAS) and the International Audit Standards (IAS). The objective of......
tags: audit financial company financial audit should
12/07/2023
1062
Liam
Financial Revenue and Expenditure Audit
Financial Auditing Introduction Financial auditing is an important tool to ensure the accuracy and reliability of financial statements. In simple terms, financial auditing is the process of examining financial statements and verifying the accuracy of reported information. Through the practice of......
tags: financial auditing audit financial statements audit
11/07/2023
1048
Anna
unilateral transfer of payments
Accounting Principles for Transfer of Funds As businesses and organizations continue to become more complex and diverse, the need for efficient and effective transfer techniques is becoming increasingly important. Transfer of funds can be accomplished in numerous ways, and these methods vary depe......
tags: transfer funds making you your income
11/07/2023
1028
Sophia
Deferred tax
Deferred taxes is also referred to as deferred tax liabilities (DTLL) and is a component of taxation. It often results from timing differences between when taxes are paid and when they are accounted for. These differences are usually associated with income and expenses that are required to be reco......
tags: tax deferred liabilities tax deferred liability
11/07/2023
1055
Sophia
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