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Should financial statement of non profit entities be subject to regulation?
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What is a contextual statement?
A contextual statement provide general information on a given subject.
Explain the word Book keeping?
The term book keeping is related to maintenance of books of accounts for both financial as well as inventory aspect. Maintaining of books of accounts is subject to the approval of auditors for certifying the accounts as per the regulation of the appropriate authority like Govt. or companies act
How financial information presented?
Financial information is usually presented to board members at every board meeting. It is presented in writing, and subject to board approval. Typically, a balance sheet and a profit and loss against the budget with variances and the last year's year to date information is presented. As requested, a scorecard or a cash flow statement may be presented as well.
What is the difference between reporting and non reporting entities?
A "non-reporting" entity refers to companies whose stock is publicly traded but which is exempt from reporting to the Securities & Exchange Commission. Usually these companies report publicly by posting financial information on the OTC Markets website voluntarily. These postings, however, are not subject to audit requirements or more generally to SEC reporting requirements. A "reporting" entity refers to companies whose stock is publicly traded and must file financial and other information with the Securities & Exchange Commission.
What are the limitations of financial statement analysis?
Use and Limitations of Financial statement analysis (using Ratios)Attention should be given to the following issues when using financial ratios:A reference point is needed. To to be meaningful, most ratios must be compared to historical values of the same firm, the firm's forecasts, or ratios of similar firms.Most ratios by themselves are not highly meaningful. They should be viewed as indicators, with several of them combined to paint a picture of the firm's situation.Year-end values may not be representative. Certain account balances that are used to calculate ratios may increase or decrease at the end of the accounting period because of seasonal factors. Such changes may distort the value of the ratio. Average values should be used when they are available.Ratios are subject to the limitations of accounting methods. Different accounting choices may result in significantly different ratio values.
What has the author Simon Gleeson written?
Simon Gleeson has written: 'Personal property law' -- subject(s): Personal property 'Financial services regulation' -- subject(s): Banking law, Financial services industry, Law and legislation 'International Regulation of Banking'
What has the author Peter D Spencer written?
Peter D. Spencer has written: 'The structure and regulation of financial markets' -- subject(s): Capital market, Finance, Financial institutions
What has the author Jeffrey Carmichael written?
Jeffrey Carmichael has written: 'The development and regulation of non-bank financial institutions' -- subject(s): Financial institutions, Insurance companies, Securities
What is Malaysia financial reporting standards?
The Malaysia financial reporting standards include a framework for annual periods. It started on January 1, 2012 with the exception of entities subject to the application of MFRS 141 on agriculture.
What has the author Clyde P Stickney written?
Clyde P. Stickney has written: 'Financial Statement Analysis' -- subject(s): Accounting, Financial statements 'Financial accounting' -- subject(s): Accounting, Contabilidade gerencial, Contabilidade, Accountancy
What has the author Rory J O'Brien written?
Rory J. O'Brien has written: 'Inadequacies in international regulation of financial services' -- subject(s): Bank of Credit and Commerce International, Case studies, Commercial crimes, Financial institutions, International, Financial statements, Misleading, International Financial institutions, International finance, Misleading financial statements, Tax havens
What has the author Alan D Stickler written?
Alan D. Stickler has written: 'Financial statement presentation requirements and practices in Canada, 1977-78' -- subject(s): Disclosure in accounting, Financial statements
What has the author Sydney J Key written?
Sydney J. Key has written: 'International trade in banking services' -- subject(s): International Banks and banking, International trade 'The Doha round and financial services negotiations' -- subject(s): Financial services industry, Foreign trade regulation, Law and legislation
What has the author Hugo Nurnberg written?
Hugo Nurnberg has written: 'The cash flow statement' -- subject(s): Accounting, Cash flow, Financial statements
Where can someone find information on SFAS 157?
The SFAS 157 is the Statement of Financial Accounting Standards 157, which was issued in 2006 by the Financial Accounting Standards Board (FASB). Wikipedia has a lengthy in depth article on the subject.
What has the author Roger C Van Tassel written?
Roger C. Van Tassel has written: 'State regulation of Boston's financial administration' -- subject(s): Law and legislation, Public Finance 'Economic essentials' -- subject(s): Economics
What has the author Dianne Everett written?
Dianne Everett has written: 'Banking and Financial Institutions Law' 'The Fair trading acts' -- subject(s): Law and legislation, Consumer protection, Trade regulation
