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What is Finance According to Different Authors?
What is Finance According to Different Authors? Finance can be defined as the art and science of managing money. Virtually all individuals and organizations earn or raise money and spend or invest money. What is Finance According to Different Authors? Scholar’s View According to Lawrance. J. Gitman, “Finance is concerned with the process, institution, markets…
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What Is Ratio Analysis? Classification and Advantages
What Is Ratio Analysis? Before discussing ratio analysis, it is wise to clarify the term ratio. what is the ratio? Ratios can be found out by dividing one number by another number. The ratio shows how one number is related to another. It may be expressed in the form of…
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IAS 16 Property Plant and Equipment
IAS 16 Property Plant and Equipment. Objective: This Standard deals with the accounting treatment of Property, Plant & Equipment including the guidance for the main issues related to the recognition & measurement, determination of carrying value, depreciation charges, any impairment loss, and derecognition aspects for the property, plant & equipment…
Users of Financial Information
Users of Financial Information. The following people are likely to be interested in financial information about a large company with listed shares. Users of Financial Information Managers/Directors Managers/Directors appointed by the company’s owners to supervise the day-to-day activities of the company. They need information about the company’s present and future handle situation.…