Buy custom uk and us accounting standards
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| Topic: |
Business
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| Number of pages / Number of words: |
12 / 3302 |
Essay's paper body
These acts are regularly updated and amended therefore seem to be increasing further.
The most important transform seen in the Companies act which was consolidated in 1985 and modify in 1989, was that small and medium sized businesses required to explain any flow seen in their accounts away from accounting standards...
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Another aspect that was also introduced was the true and fair notion. This associated to the way companies treat their accounts and were left to their own judgments of the profession. The companies needed to show a factual and fair indicator in their financial statements of the company's true financial position...
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