What is meant by associate in consolidated financial statements?

gemeral purpose financial statement



An associate is an entity over which the investor has significant influence. Significant influence is the power to participate in the financial and operating policy decisions of the investee, without having control or joint control over these policies. read more

Four (4) limitation of earning per share (EPS) reporting

revision question on budgeting and budgetary control

Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. Earnings per share serves as an indicator of a company's profitability.

revision question on budgeting and budgetary control

Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. Earnings per share serves as an indicator of a company's profitability.

Five (5) Advantages of earning per share (EPS) reporting

Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. Earnings per share serves as an indicator of a company's profitability.

Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. Earnings per share serves as an indicator of a company's profitability.

Difference between audit strategy and audit plan.

types of raud



The audit strategy sets the scope, timing and direction of the audit. It also provides guidance for development of audit plan.
The audit plan on other hand, is more detailed than the audit strategy and it includes the nature, timing and extent of audit procedures to be performed by the engagement team members. The planning of these audit procedures takes place over the course of the audit as audit plan for engagement develops. read more