Tax shelters allowed individuals the ability to defer taxes because they could generate
deductions and other benefits to offset income from other sources.
o Provided an opportunity for investors to buy deductions and credit in ventures that
With my intense interest in accounting and finance and a career
objective of becoming more expertized in this field. I am writing to
you to apply for acceptance into Macquaries bachelor of commerce
degree .I believe that the systematic
BASIC COST MANAGEMENT CONCEPTS
QUESTIONS FOR WRITING AND DISCUSSION
1. A cost object is any item for which costs are
measured and assigned, including such
things as products, plants, projects, departments, customers, and activities.
Fair value option
Companies have the option to use fair value as the basis of measurement in the financial
statements. The board believes that fair value measurement for financial instruments provides
more relevant and understandable information