Assignment

Heads of Income and Expenditure of a Bank Heads of Department shall maintain financial records as specified in Statutes and Ordinances; certify whether annual statements of…

Rules of Preparation of Balance Sheet A balance sheet allows you to see at a glance what your company’s assets and liabilities are. The balance…

Principles of Consolidation The financial statements as of December 31, 2011 of the companies included in the scope of consolidation, prepared in accordance with Group…

Consolidated Balance Sheet A consolidated balance sheet presents the assets and liabilities of a parent company and all its subsidiaries on a single document, with…

Definition of Holding Company Corporation that owns enough voting stock in one or more other companies to exercise control over them. A holding company provides a means…

What is Textile? A textile was originally a woven fabric, but the terms textile and plural textiles are now also applied to fibers, filaments and…

Definition of Consideration : Something of value given by both parties to a contract that induces them to enter into the agreement to exchange mutual…

 Distinction between Merger and Purchase CLIENTS BENEFIT FROM USING AN INTERMEDIARY such as a CPA/valuator to handle a merger or acquisition. A valuator should know a…

 Accounting for Amalgamations Purpose and Scope: This statement deals with accounting for amalgamations and the treatment of any resultant goodwill or reserves. It does not deal…

Amalgamation and Acquisition The combination of one or more companies into a new entity. An amalgamation is distinct from a merger because neither of the…

INTRODUCTION Banks act as intermediaries between surplus and deficit economic unit by mobilizing fund from surplus economic unit and deploying it to deficit economic unit.…

Value Added Tax A type of consumption tax that is placed on a product whenever value is added at a stage of production and at final sale.…