Accounting concepts and policy

IntroductionSainsbury?s and Tesco?s are considering making an contribute for Safeway. ?In approximately equal amounts of cash and Sainsbury?s dosing share ravish on Fri 10 January 2003, would result in a reckon in a nurture per Safeway share in surplus of 300p? ---Announcement of Sainsbury?s. They believe that it would need to dispose of around so stores in allege to satisfy local competition issues. They belief that it would be able to deliver increased gross revenue from the Safeway portfolio is set by a strong core brand solid food offer at competitive prices, its capability to operate success blanket(a)y crossways a number of store formats as healthful as its innovation with new products and services. This enhanced trading performance, feature with the world-shaking synergies identified by Sainsbury?s and Tosco?s , makes this potential movement a highly attractive opportunity to piss value for shareholders and customers. Now I?m going to give a mannikin of sto ry concepts to explain how the importance of accounting concepts and conventions, them draw in the main concepts and make the judgement of what does it lock it could be remediate or not . then I willing figure out the relevant performance the competition companies to make some subject of that . finally I will provide the recommendation for service of the policy. AnalysisPart 1 Accounting conceptsIn order to understand the competition our come with will be up against we will explain the framework of accounting concepts for evaluation and criticism.

The conventions and rules which possess been developed by accountants, academics and regulators to standardize the! way in which fiscal statements are inclined(p). Accounting conceptsMoney meter conventionBusiness entity conventionGoing concern conceptMatching conceptConsistency conceptPrudence conceptThe tune and pleasure ground conceptMoney measurement conventionFinancial statements are prepared by measuring items in monetary values. Sainsbury?s sales are ?8206m in 2002. it actor that transactions of these information must... If you emergency to get a full essay, order it on our website: OrderCustomPaper.com

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