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1)To write-off accumulated losses.
2) To show true and fair view of financial position of the comapny.
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Under what circumstances internal reconstruction becomes desirable how it is affected?
It's also desirable to use internal reconstruction to uncover an earlier form of various languages, and to submit those pre- languages to comparative method.
What was the process of bringing the Confederate states back into the Union?
Reconstruction
Process whereby southern states were readmitted into the union?
reconstruction
What are the four rival plans for reconstruction?
The Lincoln Reconstruction PlanThe Initial Congressional PlanThe Andrew Johnson Reconstruction PlanThe Radical Republican Reconstruction Plan
What is the cause of the reconstruction?
Reconstruction was caused by the Civil war and slavery. After slavery ended Reconstruction was period that helped to rebuild society after the war.
Distinguish between internal and external reconstruction of a company?
internal reconstruction no new company is formed in external reconstruction an existing company is dissolved and a new company is formed with the same shareholdders. there will be absence of liquidation expenses in internal reconstruction. liquidation expenses is present in external reconstruction.
What are Performance Appraisal objectives of Internal Auditors?
How make is performance appraisal of Internal Auditors
Under what circumstances internal reconstruction becomes desirable how it is affected?
It's also desirable to use internal reconstruction to uncover an earlier form of various languages, and to submit those pre- languages to comparative method.
What is Internal reconstruction in company?
Capital of a company is reorganized to infuse new life in the company.
Distinguish between internal and external reconstruction?
INTERNAL RECONSTRUCTION- when the name of the co. remain as before but changes are made in assets and liabilities of the co. and entries are made in the books of the co. of such changes and balance sheet is amended it is called internal reconstruction. EXTERNAL RECONSTRUCTION- when such heavy changes are not possible or new capital is to be issued or there is much dissent among shareholders or by changing the name of the co. , an effort is made to give new life to the co. the co. is liquidated and a new co. is formed to purchase the assets and liabilities of old co. ,it is called external reconstruction.
What does internal control evaluation entail?
Internal control evaluation involves assessing the design and effectiveness of a company's internal controls to ensure that resources are safeguarded, financial reporting is accurate, and operations are efficient. This process typically includes identifying key controls, testing them to ensure they are operating effectively, and addressing any weaknesses or deficiencies found. The goal is to provide assurance that the organization's objectives are being achieved and that risks are being managed effectively.
Three internal control objectives for financial reporting?
There are actually four internal control objectives of financial reporting. They are 1) Control Environment 2) Risk Assessment 3) Information and Communication Systems 4) Monitoring. These internal control objectives help aid in presenting financial statements that are free of material misstatements. But just because internal control measures are implemented, doesn't mean people cannot circumvent those controls.
The objectives of internal control are to?
Internal control serve as alert systems for businesses. Once they have established triggers, they can operate their business knowing they won't have too many mistakes with internal controls in place.
Objectives of an internal control system?
An internal control system aides in ensuring financial statements are free from material misrepresentation and assets are sufficiently protected from misappropriation.
What is the operational performance objectives and the internal and external benefits of project management?
dont know please assist
Internal environmental analysis in an organization?
Internal environmental analysis in an organization involves evaluating its strengths and weaknesses, resources and capabilities, culture, structure, and processes. This analysis helps identify areas where the organization excels and areas that require improvement to achieve its goals and objectives. It often involves assessing how well the organization's internal factors align with its strategic objectives.
What is the purpose of the Institute of Internal Auditors' internal audit function?
The internal audit function is to ensure that an organization meets its objectives through a systematic, disciplined approach to evaluating and improving the effectiveness of risk management, control, and governance
