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Essay

The Balance Sheet

Essay specific features

 

Issue:

Business

 

Written by:

Dorothy D

 

Date added:

November 24, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

6 / 1483

 

Was viewed:

8989 times

 

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Essay content:

However, the fact that it is a snapshot means that it is only valid at the time it is produced thus it may not represent a true and fair view. It is possible that a firm may pick a certain day which benefits. The balance sheet can be used to determine how much credit a company will get or whether or not they should be invested in, it is therefore a very important document and managers are aware of this...
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It is therefore possible that companies will try to format information and calculate figures using methods that present a better financial picture. The opportunity to adopt creative accounting occurs when choices are made about the basis of deprecation, stock and cost of goods sold. The methods used to calculate these figures can make a vital difference to the balance sheet...
displayed 300 characters

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