A structured entity is an entity that has been designed so that voting or similar rights are not the dominant factor in deciding who controls the entity, such as when any voting rights relate to administrative tasks only and the relevant activities are directed by means of contractual arrangements...
词汇及原文翻译 Joint control (paragraphs 7-13) The requirement for unanimous consent means that any party with joint control of the arrangement can prevent any of the other parties, or a group of th…
the first line of action when it comes to financial issues is running to accounting firms. But most of them are known for taking shortcuts to avoid the stringent Chinese accounting standards (CAS), which can result in serious delays and non-compliance. ...
Initially, many countries developed their own accounting standards. All these standards were different from others in a way that each had a different approach,…Read Article Factoring Accounting What is Factoring Accounting?Factoring Accounting means how the factoring transaction will be recorded in the...
Accrual accountingmeans that financial statements should reflecttransactions at the time they actually ...
Own credit –the change in accounting means that gains caused by the deterioration of an entity’s own credit risk on such liabilities are no longer recognised in profit or loss. Read more about IFRS 9. There is also an article that looks at impairment, changes in own credit, hedge acc...
so is deemed profitable for the investor. This means a standardized accounting method makes it easier for these international businesses and investors to understand one another in a financial sense than would be possible if each country were reporting profit or doing accounting in its own unique ...
International Financial Reporting Standards, or IFRS, refers to a set of international accounting standards that define how different types of transactions and other accounting events should be reported in financial statements. From: Navigating the Business Loan, 2015 ...
Converting to IFRS means much more than simply a change in accounting rules – it entails a change process for the entire organisation. The benefits that this can bring include: improved financial communication better transactions with foreign partners ...
Internationally, the International Accounting Standards Board (IASB) issues International Financial Reporting Standards (IFRS). The FASB and the IASB sometimes work together to issue joint standards on hot-topic issues, but there is no intention for the U.S. to switch to IFRS in the foreseeable ...