Needs of Loan Officers for Accounting Information from Large versus Small Companies

Article Abstract:

The informational needs of bank loan officers are taken to see to what extent the needs of users of financial statements of small or closely held businesses differ significantly from the needs of users of the financial statements of large public companies. The conclusion of the study is that the informational needs of bank loan officers do not differ substantially between large public companies and small private companies. The conclusion does not lend support to those who argue for two sets of generally accepted accounting principles (GAAP). The idea of creating two sets of GAAP is considered: to solve the problem of accounting standards overload, to retain the status quo, and to simplify GAAP for all business enterprises regardless of size or ownership characteristics.

Accounting and auditing, Small business

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Focus on Currencies

Article Abstract:

The recent decline in the dollar is sparked off by an apparent weakening in the United States economic data. This is because of: upward pressure on United States interest rates, a sharp rally in the deutschemark relative to the yen, and the emergence of Senator Hart as a senior Presidential challenger. The position of the dollar is of critical importance to all areas of the foreign exchange market. The deutschemark has had a burst of extreme strength and remains our probable star performer. It is less attractive relative to the yen. Swiss franc failed to benefit from the advance of the deutschemark. Sterling is in the doldrums in TWI terms.

United States, Prices and rates, Foreign exchange, Foreign exchange rates, Money

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Goodwill and understanding

Article Abstract:

Every business has goodwill, but understanding and measuring goodwill can be complex. Goodwill is the difference between the cost of buying a business's resources and the value of the business as a whole. Ways of measuring goodwill are examined.

Evaluation, Measurement, Intangible property, Intangible assets, Goodwill (Business)

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