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ISBN:0870554565
Author: Jack D Ninemeier
ISBN13: 978-0870554568
Title: Basic accounting standards (The L.J. Minor foodservice standards series)
Format: doc lit mbr lrf
ePUB size: 1965 kb
FB2 size: 1855 kb
DJVU size: 1933 kb
Language: English
Publisher: Avi Pub. Co (1984)
Pages: 204

Basic accounting standards (The L.J. Minor foodservice standards series) by Jack D Ninemeier



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Minor foodservice standards series). ISBN13: 9780870554568.

considered material even when minor amounts are involved. The lower bound of materiality has been variously estimated at 5% to 20% of net income. the auditor concentrates efforts in proportion to degrees of materiality and relative risk and disregards immaterial items. There are no rigid standards or guidelines for assessing materiality. This reflects the prime importance attached to net income by investors and other users of the statements.

The codification is effective for interim and annual periods ending after September 15, 2009.

What Does FASB Mean? The history of the FASB started soon after the stock crash in 1929.

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The company is viewed as being transparent, which positively impacts the financial position of the company.

Book by Ninemeier, Jack D