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Financial Essays


The case of restructure at Bunga Raya Bank

The main team issues that I note in the case of restructure at Bunga Raya Bank is about lack of work team. Work team is defined as a team that generates positive synergy through coordinated effort. In this case there

General purpose financial reporting

General purpose financial reporting is a way to communicate important and dependable information to its users. For e.g. we as a whole get receipts when we make buys from stores and us as a whole get bills. these both are

Financial Accounting Standards

Professor John Cullen, Chair of the Committee of accounting and finance stated that studying accountancy and finance in the UK universities is a great opportunity as they are recognised for having an international excellence in both teaching and research. On

The Objective of General Purpose Financial Statements

The foundation of conceptual framework is based on the objective of general purpose financial reporting. IASB issued conceptual framework to provide guideline to entities in making proper financial reports. Financial reports are very important to external as well as internal

Financial reporting council

The foundation of conceptual framework is based on the objective of general purpose financial reporting. Other aspects of conceptual framework are words the objective of general purpose financial reporting and the qualitative characteristics of useful financial information according to The

Statement of Financial Position

In today’s highly competitive environment, dynamic and rapidly changing world it involves money to move business. Good financial management systems and processes for tracking financial resources are essential for any organisation. In these organizations financial resources have to be managed

What is False Assurance about

Person A He is Alex Frayn Chief Financial Officer at D- Merton. He is responsible to manage D-Merton’s financial by supervising and resolving sufficient financial control structure. He has to ensure that the previous and present financial condition is correctly

Directors Duties and the Notion of True and Fair

After the failure of ABC Learning’s, Centro Properties and Hastie Group many companies and their accounts came under scrutiny. The collapses of these high profile company’s had a weighty effect on creditors, customers, employees, government and other stakeholders. The questions

Public Company Accounting Oversight Board

The PCAOB is a private sector, not for profit corporation, that has been created under the Sarbanes-Oxley Act, which falls under the 2002 U.S (Keown, 2004). Federal law. Its basic function is to oversee the auditors of public companies. Its

Pro Forma Statements

a) Uses of proforma statements in financial planning             Pro forma Statements implies the the financial statements that are prepared by organisation with an attempt of trying to focus on the future financial state   of the firm. The pro forma

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