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Home > Balance Sheets Key Concepts

Balance Sheets Key Concepts

Key Concepts

Key Concepts provide you with definitions of buzzwords appearing in the media to ensure that you are up to speed with the current finance conversation. Produced in snapshot, glossary form, Key Concepts direct you to additional material to increase your knowledge and satisfy your interest.

  • Accounting
    Virtually all countries require companies, as well as other organizations which carry out financial transactions, such as charities, to produce a set of accounts. However, the requirement on which data should or should not be included in a set of accounts varies widely from country to country. Failure to provide the authorities with a complete set of accounts by a specified date can result in heavy penalties being imposed on a business and its...

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