Discord in the harmony

Article Abstract:

Australia's Financial Reporting Council (FRC) declares that all Australian companies by Jan 2005 should comply with the new international accounting standards, which will have a major affect on the balance sheets of all the companies. The sweeping change that these standards are going to bring are not likely to be welcomed by some shareholders for several reasons.

Australia, Product standards, safety, & recalls, Government expenditures, Venture Analysis, Standards, Accounting and auditing, Economic policy, Business enterprises, Accounting, Accounting procedures

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How the IRS will value your business

Article Abstract:

The salient provisions in United States IRS Revenue Rulings relating to valuation of closely held businesses for various purposes like sales, transfers, gifts to children or other family members etc., are discussed.

United States, Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Taxes, Asset Valuation & Distribution, Methods, Valuation, Tax policy, United States. Internal Revenue Service, Asset valuation

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