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Discuss the provisions of as-17 on segment reporting?
AS 17, is a disclosure standard meaning that it involves only disclosure of a certain information in the financial statements by the way of additional information.
How long do you keep financial records?
Seven years is standard.
What accounting principle does the US use?
The current principle is the FASB (Financial Accounting Standards Board). This standard is the current adopted standard to the USA.
What is transparent financial reporting?
Transparent financial reporting is the practice of openly and accurately disclosing an organization's financial information to all stakeholders, including shareholders, investors, and the public. It involves providing a comprehensive overview of the company's financial performance, including revenues, expenses, assets, liabilities, and cash flow. One of the key aspects of transparent financial reporting is ensuring that the information is presented in a clear and understandable manner. This involves using standard accounting principles and providing detailed explanations of financial terms and figures. The aim is to enable stakeholders to make informed decisions and assess the company's financial health. Transparent financial reporting also includes the disclosure of any potential risks or uncertainties that could impact the organization's financial position. This helps stakeholders to understand the potential challenges that the company may face and make appropriate investment decisions. By practicing transparent financial reporting, companies can build trust and credibility among their stakeholders. Investors and shareholders are more likely to invest in an organization that provides transparent financial information, as it demonstrates accountability and a commitment to good governance. Transparent financial reporting is about being open, honest, and accountable in disclosing an organization's financial information. It promotes trust, enables informed decision-making, and helps build long-term relationships with stakeholders.
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.
What are the current changes in international accounting standard 1?
Changes to the structure of financial statements; inclusion of statement of changes in equity; The pattern of disclosure and classification.
Standard and Poor's is what type of company?
Standard and Poor's is a leader of financial-market intelligence. They aim to provide investors with information for them to be better informed in investment decision making.
Discuss the provisions of as-17 on segment reporting?
AS 17, is a disclosure standard meaning that it involves only disclosure of a certain information in the financial statements by the way of additional information.
The structure of the international accounting standard board?
Structure diagram
What is the international standard of reporting called?
IFRS-International Financial Reporting Standard.
Where can one find information on how to apply for a home loan?
One can get all the information on how to apply for a home loan by contacting one's bank. One can also go online to websites like Standard Bank where they have information on one's financial situation.
What is the international standard for financial statements called?
gaap
What is the sap financial software?
Standard and poor investment
What is the name of the owner of Standard Insurance?
The Standard Insurance Company is owned by StanCorp Financial Group.
How many Mondays in a financial year?
Like a standard year, there can be 52 or 53 Mondays in a financial year.
What is purpose of standards?
A standardized accounting system has predictable elements and structure. A standard system produces financial statements that make it easy (at least possible) to compare results for businesses within the same industry. And, since the structural elements are the same across the board, once you understand the financial elements of the system, it is possible to understand any financial statements for any industry.
How long do you keep financial records?
Seven years is standard.
