Tag Archives | Firm

Procedures for Consolidating Financial Information | Firm | Accounting

Legal as well as accounting distinctions divide business combinations into at least four separate categories. To facilitate the introduction of consolidation accounting, we present the var­ious procedures utilized in this process according to the following sequence: 1. Acquisition method when dissolution takes place. 2. Acquisition method when separate incorporation is maintained. As a basis for this coverage, assume that Smallport [...]

By |2018-05-16T07:35:57+00:00May 16, 2018|Financial Information|Comments Off on Procedures for Consolidating Financial Information | Firm | Accounting
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Hedges of Unrecognized Foreign Currency Firm Commitments | Accounting

Amerco does not enter into a hedge of its export sale until it actually makes the sale. Assume now that on December 1, 2009, Amerco receives and accepts an order from a German customer to deliver goods on March 1, 2010, at a price of 1 million euros. Assume further that under the terms of the sales agreement, Amerco will [...]

By |2018-05-16T07:35:56+00:00May 16, 2018|Foreign Currency|Comments Off on Hedges of Unrecognized Foreign Currency Firm Commitments | Accounting
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Budgeting: Meaning, Nature, Purposes, Types and Zero-Based Budgeting

In this article we will discuss about:- 1. Meaning of Budgeting 2. Nature of Budget 3. Process 4. Purposes 5. Essentials 6. Master Budget 7. Flexible Budget 8. Research and Development Budget 9. Capital Expenditure Budget 10. Cash Budget  11. Budgeted Balance Sheet 12. Human Resource Budget 13. Administering the Budget 14. Revision of Budget and Other Details. Contents:  Meaning [...]

By |2018-05-16T07:31:18+00:00May 16, 2018|Budgeting|Comments Off on Budgeting: Meaning, Nature, Purposes, Types and Zero-Based Budgeting
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