The term responsibility, accountability, obligation or duty is all used interchangeably in the context of relations between Government and business. Responsibilities of Business towards Government: The Government has certain definite expectation from business. The business houses are expected to fulfill the following responsibilities: 1. Regular Payment of Taxes: Taxes are a major source of revenue for the Government. It is [...]
The methods used in analysis of financial statements are as follows: 1. Comparative Financial Statements 2. Common-Size Statements 3. Trend Ratios 4. Ratio Analysis. Method # 1. Comparative Financial Statements: Comparative financial statements are statements of financial position of a business designed to provide time perspective to the consideration of various elements of financial position embodied in such statements. Comparative [...]
In this article we will discuss about merger scheme of a firm and its contents. Points to be Considered in Merger: Two important points to be noted in case of merger are: 1. A merger must be approved by a vote of the stockholders of each firm. Typically, votes of the owners of 2/3rd of the shares are required for [...]