Solvency in Financial Accounting (eBook, PDF)

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This book examines the notion of solvency at law and in accounting; and reveals inconsistent ways of determining solvency therein. Solvency is a critical commercial financial attribute. Quantifying solvency has been of concern to many across time, particularly with regard to business continuity. This study demonstrates that conventional financial statements are deficient in establishing the financial state of an entity, and equally lacking in quantifying its state of solvency.The book contributes to the literature by drawing on real-world observations of how the meshing of commercial and legal...

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