What are the major limitations of Financial Accounting? Explain with the help of Examples. What are the alternatives to overcome these limitations? Financial accounting can be defined as reporting of the financial position and performance of a firm through financial statements issued to the external users on a periodic basis. It is a field of finance that treats money as a means of measuring economic performance instead of treating it as a factor of production. It encompasses the entire system
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Ratio analysis is a useful technique for comparing a company’s performance and position with other companies. However‚ such comparisons may be misleading. Some of the limitations of ratio analysis for cross-sectional comparisons are discussed below: Accounting policies: Accounting laws allow companies to choose accounting policies and use discretion while preparing accounts. Such a freedom leads to differences in the accounts of companies‚ which in turn distorts cross-sectional company comparisons
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M2: Explain the limitations of marketing research used to contribute to the development of Nivea. No matter how small or large a market research project may be‚ any type of research performed poorly will not give relevant results. In fact‚ all research‚ no matter how well controlled‚ carries the potential to be wrong. There are many reasons why research may not give good results but a common problem is deciding whether the research is really measuring what it claims to be measuring. There
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multiple modes of market entry (joint ventures‚ licensing‚ etc.). This paper reports on findings from a survey of UK SMEs‚ investigating managers’ perceptions of barriers towards internationalizing and support required to overcome those same barriers. Analysis of survey data and subsequent findings from interviews indicate that differences exist between two groups of firms‚ that is‚ those that employ an export strategy compared with those that employ multiple modes of market entry in respect of both perceived
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Making an Activity Series of Metals using different Solutions Purpose/ Hypothesis: The purpose of this lab was to clearly identify the reactivity of magnesium‚ zinc and copper. The metals reactivity will be exemplified as it will be tested with different solutions such as zinc sulfate (ZnSO4)‚ copper sulfate (CuSO4)‚ hydrochloric acid (HCL)‚ magnesium sulfate (Mg2SO4)‚ iron (II) sulfate (FeSO4) and tin (II) chloride (SnCl2). This will allow us in creating an activity series to visually see the reactivity
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Faculty of Engineering & Computing Laboratory Report Title of Experiment: Series and Parallel Circuits Date Given: January 28‚ 2013 AIM: To investigate the circuits to tell whether the resistors are in parallel or in series also to determine the internal resistance of a 1.5V cell. THEORY: In this experiment it was expected of the experimenter to have a basic knowledge of circuits in both aspects theoretically and practically. A basic circuit comprises of a cell or power supply
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conducted in series and parallel to identify the pressure different in both pumps. Centrifugal pump is known as one of the most widely used pumps for transferring liquids. It’s also known as a device to transfer mechanical energy from a prime mover into fluid energy to produce the flow of liquids. The pump is connected in 2 ways; in series and another as parallel pump. Centrifugal pump are connected in parallel because to provide enough flow rates compare to centrifugal pump that connected in series‚ the
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Television since its start has developed a diverse set of viewers‚ however the cast was not. When television first came out in the 1940’s is was uncommon to see a person of color‚ the cast was just about completely White. There were few minorities on television and when they were the character was highly stereotypical. Yet PBS special “Breaking Barriers” explored how television developed into what it is today‚ a diverse depiction of America. In the PBS special “Breaking Barriers “they establishing
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the time lag model. In the time lag model there is a lag between a change in the environment and a corresponding change in the rate of population growth. These cyclic oscillations are influenced by the environment which the organism inhabits. Changes in the environment can affect numerous functions of an organism including natality (amount of births in a population) and mortality (number of deaths in a population). Laboratory populations of Daphnia are a good example of the effect of time lags
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sums up the issue quite well. ‘Improving living standards is about poor families gaining access to what is available at the time to make life comfortable‚ healthy and rewarding. In the end‚ economic statistics only measure what they measure‚ which may not bear much relation to how well off we are.’ Source: Adapted from the Independent The table below provides time series data on per capita national incomes for the twenty five nations of the European Union. Ireland has made huge strides in improving
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