0
Is it acceptable practice to use unaudited reports for financial analysis?
Wiki User
∙ 15y ago
You can analyze un-audited financial statements, buy you have to keep in mind that your ratio analysis, vertical analysis, and comparative analysis may be (probably are) inaccurate as to the companies 'real' financial position. You'd have to take any un-audited analysis results with a grain of salt. If you're buying a business, the seller should pay for the audit, or make sure there has been an audit of the statements in the past 2-3 years atleast so you can work with something real.
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
What is the purpose of a medical practices financial policy?
It is important to have a financial policy at a medical practice. With a policy, all patients can be treated exactly the same.
What is the concept of financial security about?
Financial security is always a good practice due to today's standard of people hacking financial systems for personal gain. One should always have security features set up to secure their money.
It is an acceptable accounting practice to treat an expenditure that is not material in dollar amount as an expense of the current period even though the expenditure may benefit several periods?
True
What is the difference between governmental accounting and financial accounting?
Governmental accounting is the form accounting practice by government- recognizing inflows as revenue and outflows as expenditure, whereas financial accounting is the accounting work done within an institution.
What si accounting standard?
Accounting Standards are the statements of code of practice of the regulatory accounting bodies that are to be observed in the preparation and presentation of financial statements.
What is A preestablished value indicating a level of acceptable practice?
The answer is a Threshold Value
Financial accounting theories in practice?
GAAP
Definition of industrial practice?
Industrial practice, or industry practice, refers to government regulated industries that must follow requirements for financial reporting. It refers to the accounting constraints for the preparation of financial reports.
What defense requires showing that there is an overriding company related purpose for a discriminatory practice and that the practice is therefore acceptable?
The defense of bona fide occupational qualification (BFOQ) requires showing that a discriminatory practice is necessary for the job's performance. This defense allows employers to make employment decisions based on protected characteristics if they can prove that it is essential for the role.
Do Japanese people eat human fesces?
No, this is not a socially acceptable practice in Japan.
What is financial advertising?
Financial advertising is the practice of advertising to the investor, loan, banking, and mortgage consumer.
What is the practice of passing laws that are acceptable to the highest number of people called?
majority rule
What defines the rights of an occupation and the acceptable activities allowed within the proffession?
The scope of practice.
Is adding two spaces at the end of a sentence a common practice?
It became standard practice with the invention of the typewriter. The computer keyboarding practice of one space after a period has become acceptable.
When is it acceptable for the government to limit the practice of people's religious beliefs?
The government can limit religious practices when they pose a threat to public safety or violate established laws, such as banning harmful practices like human sacrifice or stopping discrimination against certain groups in the name of religion. Such limitations should be necessary, proportional, and non-discriminatory.
Differentiate between accounting and accounting convention?
Accounting means the systematic recording,reporting and analysis of financial transactions of a business.While accounting convention means legally-binding practice; rather, it is a generally-accepted convention based on customs, and is designed to help accountants overcome practical problems that arise out of the preparation of financial statements.
Why was the spoils system was an acceptable practice?
the spoil system was the practice of giving government jobs to political backers. it gave voters the job of the cabinet. during the Jacksonian era they were called the kitchen cabinet because they met in the kitchen sometimes(no joke i took this out of a textbook). i do not think it was acceptable because they might have given jobs to the non educated or gave the wrong job to the wrong person.
