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Corporations Law
Essay specific features
Written by:
Vernon D
Date added:
July 12, 2015
Level:
University
Grade:
A
No of pages / words:
4 / 1117
Was viewed:
5445 times
Rating of current essay:
Essay content:
These financial statements are used in the decision making process of both internal and external users, and therefore this information must be both accurate and of appropriate detail. In order for a general standard to be established across the accounting industry, it is important for a set of standards to be upheld by all...
displayed 300 characters
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In order for a general standard to be established across the accounting industry, it is important for a set of standards to be upheld by all. Therefore I agree with the statement.
Under section 298 of the Corporations Law, it is stated that all companies which are reporting entities must adhere to the accounting standards issued by the Australian Accounting Standards Board (AASB) ...
displayed 300 characters
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