Cash foreign currency kept by money changer for money changing business is cash on hand for sales of foreign currencies. They are cash for transactions or cash as a result of changing transaction.
They should be cash on hand as they are resulted from buying and selling of foreign currencies note. Each transaction is matched. Also, the fact that they are cash as cash in nature and not produced by the money changer.
The accounting concept should adopt the financial sector.
When there was a judgement made in prior year without concrete evidence of support. The audit should have qualified it. When in subsequent year, the judgement is changes with the intention to correct
Under US GAAP, the carrying amount of the assets is compared to the undiscounted future cash flow of the assets generated. If the amount of undiscounted cash flow is highr than carrying amount, no im
When apply discount on lack of marketability (DLOM) and lack of control (DLOC) on enterprise value (EV), it is a multiple of EV x (1-DLOM) x (1-DLOC). But apply the discount on Equity value would lowe