How mining industries record the assets, liabilities, provisions and foreign exchange transactions in their books? How recording these transactions is different when compared to manufacturing companies
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How mining industries record the assets, liabilities, provisions and foreign exchange transactions in their books? How recording these transactions is different when compared to manufacturing companies
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- How recording assets, liabilities, provisions and foreign exchange transactions in the books of mining companies different when compared to manufacturing companies ?How mining industries record the assets, liabilities, provisions and foreign exchange transactions in their books?How assets, liabilities, provisions and foreign exchange transactions are recorded in the books of manufacturing companies ?
- For a business buying its raw materials in its domestic market and selling its finished goods to customers in other countries, which is easier to control, cash in (Accounts Receivable) or cash out (Accounts Payable)? Why? (And how?)What accounting issues arise for a company as a result of engaging in international trade (imports and exports)?How companies detect theft or fraud in industries
- What is the difference between a specialized industry like banking and airlines to other industries such as retail and manifacturing business in terms of its accounting and auditing?Why should the responsibility for maintaining the accounting records be separated from the responsibility of operations? Be sure to explain: -Accounting records versus operations functions. -Does this differ in small vs large organizations? If so, how? And, how would a company still control for this difference.What are some indicators that a company is doing an effective job at managing accounts receivable?
- Using practical examples describe how International Accounting Standard 23 would apply to Assets in your company?Using concrete examples, explain how International Accounting Standard 23 might apply to your company's assets.What kinds of limitations exist in analyzing a company just by reading its financial reports?