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 disparage on Fri 10 January 2003, would result in a see in a nurture per Safeway share in supernumerary of 300p? ---Announcement of Sainsbury?s. They believe that it would need to dispose of around so stores in prescribe to satisfy local competition issues. They belief that it would be able to deliver increased gross revenue from the Safeway portfolio is determined by a strong core brand diet offer at competitive prices, its capability to operate success full moony crossways a number of store formats as tumesce as its innovation with new products and services. This enhanced trading performance, combine with the world-shaking synergies identified by Sainsbury?s and Tosco?s , makes this potence movement a highly attractive opportunity to puddle value for shareholders and customers. Now I?m going to depict a manniki n of method of accounting 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 go bad it could be remediate or not . then I willing figure out the relevant performance the adversary 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 perk up been developed by acc ountants, academics and regulators to standa! rdize the way in which financial statements are inclined(p). Accounting conceptsMoney meter conventionBusiness entity conventionGoing concern conceptMatching conceptConsistency conceptPrudence conceptThe tune and comme il faut conceptMoney measurement conventionFinancial statements are prepared by measuring items in monetary values. Sainsbury?s sales are ?8206m in 2002. it direction that transactions of these information must... If you emergency to get a full essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay