At sight LC is a documented contract that enables immediate payment to the seller or exporter. The seller or exporter must fulfill the requirements agreed upon in the trade contract. A sight letter of credit is used to shorten the payment period for the exporters. With a normal letter of credit working, the exporters receive […]
At Sight Letter of Credit: Definition and How it Works! Read More »
Basically, when a corporation or company is in a profit position or has accumulated retained earnings or accumulated profit, such a corporation will consider distributing dividends. The dividend distribution typically depends on the dividend policy of each corporation. Thus, what are those factors affecting the dividend policy of a firm? Before we jump to the
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Portfolio beta is commonly used to assess the risk of investment portfolios. Investors typically strive to diversify their investment portfolios by investing in a diversified investment vehicle. By diversifying the investment portfolios, they are able to reduce risks. In this article, we cover the definition of portfolio beta, how to calculate it with example and
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In the concept of portfolio theory, investors get the benefit of holding portfolios of investment vehicles, not just a single asset or security. Typically, the greater the risk of portfolios the greater the return the portfolios generated. In this article, we cover the definition of portfolio return, how to calculate the portfolio return with example
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When auditors audit the financial statements of a client, there are different stages they must go through. Usually, auditors must complete all these stages within a predetermined amount of time. Therefore, auditors work under deadlines to meet all the requirements and complete the audit on time. Due to the time-constraint, it is not always possible
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Auditing is a process in which a company hires an independent party, known as auditors, to examine its financial statements. The purpose of auditing financial statements is to obtain an audit report, provided by auditors, which contains the auditors’ opinion about whether the financial statements of the company show a true and fair view. In
Tracing in Audit: Overview, Definition, and Examples Read More »
When it comes to audit evidence, there are two ways that auditors obtain assurance related to it. The first way is through the test of controls of a client. Auditors design tests of controls to evaluate the operating effectiveness of controls of a client that it uses in the prevention or detection of misstatements. Similarly,
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The internal control of a company defines its policies, processes, tasks, behaviours, and other aspects that help in effective operations, ensure the quality of internal and external reporting and ensure compliance with applicable laws. The definition is from the Turnbull report that Nigel Turnbull produced after drawing it up with the London Stock Exchange. The
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An audit is a process in which an independent party, comprised of auditors, examines the financial statements of a company or business. The goal of an audit is for auditors to provide an opinion, usually in the form of an audit report, based on their assessment of whether the financial statements of the company show
8 Types of Audit Procedures: All You Need to Know about! Read More »
When your business is routinely producing exceptional items for clients, you may require a job order costing system to appropriately keep a check of each request. By utilizing a job order costing system, you can rest assured that the time and assets you’re utilizing to manufacture an item will bring in benefits for your organization.
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