Draft assignment
How to fix financial report
TOPICS ARE COVERED
STAGE 1 (INTRODUCTION)
STAGE 2 (ISSUE IN FINANCIAL REPORTING)
STAGE 3 (CONCLUSION)
REFERANCES
STAGE 1
Finance ministers from the 20 wealthiest countries had meeting in Washington DC on November 15, to deal the global financial system and how to set up and regulate these marketplace. Financial crisisbecome active from Risky investment that abide ensure the balance sheet from the banks and other financial institution. But the investors bugger off confidence that the market fall in balance until the financial clearness is considerably get bettered. William Isaac, former chairman of the federal official deposit insurance corporation [FDIC], with some people during the 1980s, declare blamed the credit crisis on financial accounting standardised hop ons 15 year-old rule ruined their assets because its look upond is not correspond to the current market and contract from the financial services industry to suspend the fair value accounting, U.S.
Securities &exchange commissionand the financial accounting standard board on September 30 issuea ruling that al crusheds to value of their assets according to their own financial models when no market exist or a sale of assets at a very low price, typically when the seller is facing bankruptcy.
Paul Miller, an accounting professor at the university of Colorado, thinks that how the companies think about the capital markets and they depends on their achiever: their customers, their employees, and their supply chains. Companies have learned to build loyalty and market share by being more attention toward the customer. focus has responsibilities to build the loyalty towards the customer to attract the more toward the companies. Investors have to build the more trust in market.
According to generally accepted accounting principles companies are required to disclose the only net liabilities and assetsand deuce keys of financial reporting practices...If you want to get a wax essay, order it on our website: Ordercustompaper.com
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