The Word 'Convertible' Is Generally Used To Refer To One Type Of Security That Can Be Converted Into Another Type Of Security.
Right from entry-level positions like that of bookkeepers, budget assistants, cost and accounting clerks to senior positions like that of chief financial officers CFCs, chief accountants, accounts managers, financial analysts and budget directors, there is simply no dearth of jobs in this mentally taxing yet rewarding field! Effective tax rate is the net rate of all the taxes that a person/business pays on income. Stated capital is the amount of cash declared by the business as capital in the financial statements of the company. Another important function of internal control is to minimize the incidence of fraud and mismanagement and to protect the property of the organization, both physical goods, machinery and intangible goodwill, brand name. Read to know all about this important parameter. Rate of return is the gain or loss made by an investment or a business as a whole, expressed as a percentage. Ramalingan Raj, its CEO, admitted that the company was running on fraudulent accounts for the past 7 years. It is basically a financial management function. He admitted to have falsified accounts and created hypothetical assets and pumped revenue up to the tune to BSD 1.5 billion. ✦ There was a direct impact on the stock prices of the company, and also posed further questions on the credibility of Indian IT firms in the financial market. ✦ The company was acquired by etch Mahindra, and is now known as 'Mahindra Satyam'. This guzzle article furnishes its meaning in detail along with examples.
Results For Operations Is The Commonly Used Synonym For Financial Statement.
Cost accounting, which is sometimes also referred to as cost method of accounting, involves forecasting the per unit cost of a good or service. An accountant analyses and interprets data and is responsible for recording all financial transactions of the company or an individual. This kind of control ensures that the public finances are not misused. Negotiable instrument is a document, which represents a debt or money payable by one person to another. A claim is a legally backed demand for money from a debtor, which if not paid, results in a law suit. Tax accounting means taking into consideration the effect of taxes while planning business strategies. Bills receivable is a record of all the bills that are receivable by a firm. The responsibilities include accounting and auditing as the information generated by them is accepted by clients, employers, governments, investors, credit granters, and the business and financial community. Productive activity is any such activity, which will produce economic value for the business.
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