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do u know much abt China biz accounting? help pls
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OneSharer
Veteran |
11-Jan-2008 06:08
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If it is finan rptg stnd, wouldn't any revision in the stnd would apply to all companies, or at least similiar companies? |
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Salute
Master |
10-Jan-2008 22:43
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Someone said that the Ouhua has to be tax 50% in the coming report of the profit they make in. Since last year, China milk and celestial has reported that the increase in financial cost has eat into their profit. I have an extract from the straits times celestial article. Profit figures were hit by the interpretation of accounting std FRS, which requires firm to recognise in their profit and loss statements certain non-cash expenses, including interest on convertiable bonds and revaluation of derivative financial instruments. How does one calculate all these, or it's beyond our ability to know. Are they really matter a lot in the profit |
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