accounting policies
81understandability — The accounting principle that the financial information provided by a company should be such that its significance is capable of being perceived by a person with a reasonable knowledge of business and accounting and a willingness to study it with …
82accruals concept — One of the four fundamental accounting concepts laid down in Statement of Standard Accounting Practice (SSAP) 2, Disclosure of Accounting Policies; it is also recognized in the Companies Act (1985) and the EU s Fourth Accounting Directive It… …
83audit opinion — An opinion contained in an auditors report It expresses a view as to whether or not the financial statements audited have been prepared consistently using appropriate accounting policies, in accordance with relevant legislation, regulations, or… …
84understandability — The accounting principle that the financial information provided by a company should be such that its significance is capable of being perceived by a person with a reasonable knowledge of business and accounting and a willingness to study it with …
85Financial analysis — refers to an assessment of the viability, stability and profitability of a business, sub business or project. It is performed by professionals who prepare reports using ratios that make use of information taken from financial statements and other …
86Dowlais Ironworks — by George Childs (1840) The Dowlais Ironworks was a major ironworks and steelworks located at Dowlais near Merthyr Tydfil, in Wales. Founded in the 18th century, it operated until the end of the 20th, at one time in the 19th century being the… …
87Cross-Listing — The listing of a company s common shares on a different exchange than its primary and original stock exchange. In order to be approved for cross listing, the company in question must meet the same requirements as any other listed member of the… …
88accruals concept — One of the four fundamental accounting concepts laid down in Statement of Standard Accounting Practice (SSAP) 2, Disclosure of Accounting Policies; it is also recognized in the Companies Act (1985) and the EU s Fourth Directive. It requires that… …
89comparability — The accounting principle that financial information for a company should be comparable with financial information for other similar companies. Comparability is one of the most important characteristics of useful financial information. The concept …
90financial statement analysis — An analysis of the financial statements of a business to assess its performance and position. Ratios are normally calculated from the financial statements to assess the profitability, solvency, working capital management, liquidity, and capital… …
