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There are many different types of accountants. There are Audit accountants are people who check accounting ledgers and financial statements for many corporations and for the government. Budget analysis accountants are responsible for creating and having management of organizations financial plans. Financial accountants create financial statements based on general ledgers and experience important financial decisions which involove mergers & acquisitions, planning for benefits and financial projections that are long-term...
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There are many different types of accountants. There are Audit accountants are people who check accounting ledgers and financial statements for many corporations and for the government. Budget analysis accountants are responsible for creating and having management of organizations financial plans. Financial accountants create financial statements based on general ledgers and experience important financial decisions which involove mergers & acquisitions, planning for benefits and financial projections that are long-term...
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General points of the essay
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The ISAB argues that the accruals and going concern concepts are key underlying assumption in the preparation of financial statements. Discuss the problems for companies in applying these accounting concepts and explain why other concepts might al...
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