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Different Types of Transaction Cycles

Different Types of Transaction Cycles The transaction cycles are sets or transactions in business which are interconnected to each other. When the accountants in an accounting firm Johor Bahru are doing accounting tasks, they will aggregate most of the business transactions into a few transaction cycles, which are the financing cycle, payroll cycle, expenditure cycle …

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What is Impairment Testing for Goodwill?

What is Impairment Testing for Goodwill? Goodwill impairment of a company happens when the recognised goodwill, which is related to certain acquisition exceeds the implied fair value. In business combinations, where the acquirer obtains control of another organisation (the acquiree), it is common to see goodwill as a by-product. If the acquirer pays the acquiree …

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How to Ensure an Efficient Internal Audit?

How to Ensure an Efficient Internal Audit? Internal audits refer to in-depth reviews of the procedures and finances of an organisation. Such an evaluation includes one division of an organisation or the whole entity. The auditors will look into the project systematically using different audit approaches before writing reviews from the observational notes. The internal …

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