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Essay

Users of Accounting information

Essay specific features

 

Issue:

Business

 

Written by:

Yvonne N

 

Date added:

January 8, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 986

 

Was viewed:

8220 times

 

Rating of current essay:

 
Essay content:

Therefore the limitations of the balance sheet clearly affect the accuracy of the statement. These include: the representation of the position of an entity at one particular point. The statement is only relevant at that particular point in time; the utility of the statement diminishes as time passes for providing relevant measures of assets and liabilities of an entity as the values assigned are usually historical cost; and, the valuation method of assets need to be appropriately measured as certain cases lead to an incorrectly stated figure...
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Therefore the limitations of the balance sheet clearly affect the accuracy of the statement. These include: the representation of the position of an entity at one particular point. The statement is only relevant at that particular point in time; the utility of the statement diminishes as time passes for providing relevant measures of assets and liabilities of an entity as the values assigned are usually historical cost; and, the valuation method of assets need to be appropriately measured as certain cases lead to an incorrectly stated figure...
displayed 300 characters

General issues of this essay:
1968 was a turning point for the United States. Assess the Validity of this Statement Accounting Assets Advantages and disadvantages of historical cost accounting, alternatives to historical cost accounting Capital Assets Entrepreneurial control and the construction of a relevant accounting Misappropriation of Assets The Importance of Intangible Assets Users of Accounting information Non Performing Assets Separation of assets in Florida Capital Assets Pricing Model Nothing Relevant Air Bags - Assets Or Assault Impacting Laws, Regulations And Contractual Obligations For Critical Information Assets Management of intellectual assets by organisations
 

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