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Accounting Scams in Indian Context
The Investor’s Perspective The last few months have unearthed a huge number of accounting scams in the world and especially in USA. Although this is not a new phenomenon what has come as a rude shock to markets and investors is the scale and the blatancy involved in these recent scandals. Most of these cases [...]
Accounting dillemas
What are the limitations of accounting information? Accounting information can be used to assist both financial and managerial oriented decisions. In order to come to effective financial or managerial decisions, many factors other than accounting should be duly considered. Accounting information is extremely vital in/and for all enterprises though it does have certain limitations. [...]
Forensic accounting
Introduction Until recently, detecting fraud was thought to be a part of the responsibility of the accountant. Fraud was something the internal or external auditors were expected to guard against by their periodic audits. We now know that auditors can only check for compliance of a company’s books to the Generally Accepted Accounting Principles (GAAPs) [...]
Accounting Essay
The possible revenue recognition points are the signing of the contract, the beginning of construction, the progress stages of the construction (gradually over the life of the contract), the completion of the project to the satisfaction of the customer, and collection of the cash. To postpone taxes, you would want to delay recognition of revenue [...]
Dual listed company structure
One option that may be available to the National Australia Bank (NAB), as part of its strategy of expansion in the UK market, is the adoption of a dual listed company (DLC) structure, Explain the nature of a DLC and examine the possible implications of the approach for the operations on the NAB. Australian companies, [...]