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ACCT1511 1B Full Notes

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These notes really helped me as it has a lot of content, with simple breakdowns. They can help you achieve a HD

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12 Pages Complete Study Notes 1-2 Years old
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ACCT1511 1B Full Notes
Topics this document covers:
Business economics Economy Accounting Asset Cash flow Financial statements Fundamental analysis Valuation Cash flow statement Balance sheet Depreciation International Financial Reporting Standards
This is a Complete Set of Study Notes

Complete Study Notes typically cover at least half a semester’s content or several topics in greater depth. They are typically greater than 20 pages in length and go into more detail when covering topics.

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Topics this document covers:
Business economics Economy Accounting Asset Cash flow Financial statements Fundamental analysis Valuation Cash flow statement Balance sheet Depreciation International Financial Reporting Standards
Sample Text:
• The difference between rules and principles based approaches is that the rule based approach is more easily manipulated, for example a manager might request a particular transaction be structured so that it is less than the 75% threshold, while “sustainably all of” involves more judgement. • In general terms international accounting standards are said to be principles based (i.e. what we have in Australia is international accounting standards) and US GAAP is rules based. There are exceptions to these generalisations of course. • Note that where there ar...
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