what are accounting standards nature
This has to do with the accounting standards where it recognises revenue and expenses. As a result, the users of the corporate reports are eventually able to identify the current state of the market mechanism and take steps to rectify any possible errors in that might occur from the market mechanism. For example: If there is a loss, it will be shown in the financial statement as expenses more than revenue. Therefore, there information users will need to identify the possible reasons for such occurence. Perhaps there is a reduction in consumer's purchasing power. Therefore, the corporate can take actions such as reducing the price of the products or services. This in return smoothen the market mechanism and eventually generates more profit for the corporate.
Some of the most popular accounting packages on the market today include, Lower End options, which is a very affordable package. Sage One, especially designed for small businesses. And Quick Books, which is the market leader in entry level accounting.
Indian accounting standards are developed by Indian board and only applicable in India while international accounting standards are developed by International Accounting standard board and applicable to all countries.
Here is a link to a great paper by from the SEC , outlining the major differences in International Accounting Standards.
no, it only accepts it once we take up fair values not the fair market values bcz somtimes market under value a perticular asset
Joy Peters has written: 'Breast cancer' -- subject(s): Biography, Breast, Cancer, Patients
True
At current Market Value
what are accounting standards nature
GDP at market price- It s the money value of all final goods and services produced within the domestic territory a country in an accounting year at prevailing market prices.
Lower of cost or market rule
This has to do with the accounting standards where it recognises revenue and expenses. As a result, the users of the corporate reports are eventually able to identify the current state of the market mechanism and take steps to rectify any possible errors in that might occur from the market mechanism. For example: If there is a loss, it will be shown in the financial statement as expenses more than revenue. Therefore, there information users will need to identify the possible reasons for such occurence. Perhaps there is a reduction in consumer's purchasing power. Therefore, the corporate can take actions such as reducing the price of the products or services. This in return smoothen the market mechanism and eventually generates more profit for the corporate.
accounting standards
why was the adoption of the IFRs seen as an incentive for multinationals and local enterprises to register on the local stock market in fiji
Some of the most popular accounting packages on the market today include, Lower End options, which is a very affordable package. Sage One, especially designed for small businesses. And Quick Books, which is the market leader in entry level accounting.
Market Risk. This is the potential financial loss due to adverse changes in the fair value of a derivative. Market risk encompasses legal risk, control risk, and accounting risk.