Clarity Of Reporting In Current Economic Conditions

Topics:
Financial Statements,
Reporting and Control
Tags:
Asset Management,
Operational Planning,
Managerial Accounting,
Liquidity,
Investment,
Financial Statements,
Financial Accounting,
Finance,
Economic Condition,
Deloitte Touche Tohmatsu,
...
Source:
Deloitte Touche Tohmatsu

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Overview: Current economic conditions provide particular challenges to all involved with annual reports and financial statements. Financial markets continue to be stressed and the general lack of liquidity is having a significant effect on a wide range of businesses with many having genuine difficulties in maintaining profitable trading levels and generating sufficient cash flows to manage working capital requirements. The downturn in fortunes has led to companies having to consider fundamental questions regarding liquidity, going concern, asset impairment and other related issues in what is likely to be a much more focused manner than in previous years.

(Is this item miscategorized? Does it need more tags? Let us know.)

Format: HTML | Date: Feb 2009 | Pages: 3

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