This website includes study notes, research papers, essays, articles and other allied information submitted by visitors like YOU. These include increasing the remuneration of directors of public company not in accordance with Schedule XIII of the Act, conversion of a public company into a private company etc. These limitations or disadvantages are briefly discussed below: Implementing an ABC system is a major project that requires substantial resources. General observation shows that limitations of business research are apparent in the in-house or internal research projects. The calculation of ratio is not so much difficult as its interpretation. members of the company. Depending on a company’s goals and the industry and outsider analysts of the company, as it provides significant insights from the financial statements. No answer yet for this question. For example, assume that a company developed an internet business that now attracts millions of visitors each day and has $10 million in annual revenues. No bill is required to be passed by the legislature for a government company to get formed. Unquantifiable Variables 8. Limitations of Break-Even. I. If a company is earning profits, they might decide to invest even more money. ADVERTISEMENTS: After reading this article you will learn about the benefits and limitations of budgeting. There are a few limitations of Accounting Standards as well. Some limitations of internal control in accounting include a lack of understanding of processes, collusion, managerial override, human error and misjudgment. Before publishing your Essay on this site, please read the following pages: 1. Alteration of Articles so as to give power to the directors to require any shareholder who competed with the company’s business to transfer his shares at full value is valid and binding upon the members of the company for it will be beneficial to and in the interest of the whole company. Flexibility in operations: Such a company can take quick decisions and prompt actions on any matter affecting its business because evils of red-tapism and bureaucracy are not found in such companies. Your research may have many limitations. This will help the organization better understand its fiscal position in the economy. Therefore, some of a company's most valuable assets will not be reported on the balance sheet. Variation in Accounting Methods 4. The limitations are: 1. Based on Financial and Cost Records. Limitations or disadvantages of management accounting 1. Published by Experts, Minute Books are statutory books, and are of three types. The SWOT Analysis has a lot of positive aspects, but no tool is perfect. 1. The company will always be liable for damages in case the alteration results in a breach of contract the company had entered into with any person. A company can alter its articles even if it causes a breach of an agreement with the outsider. This creates unnecessary tensions and the company as a whole may not be able to run efficiently. Financial analysts must make constant adjustments to "normalize" a company's earnings. The purpose of the BCG Matrix (or growth-share matrix) is to enable companies to ensure long-term revenues by balancing products requiring investment with products that should be managed for remaining profits.. More autonomy: Government company has got all the advantages that are found in the public corporation form. Possible Limitations of the Researcher. Hence, the company can decide its proper management strategy. Accurate forecasting is very important because if sales results fall significantly below forecast, the company may face a … Problem in Comparability; 4. Certain provisions of the Articles cannot be altered except with the prior approval of the Central Government. While ratios are very important tools of financial analysis, they d have some limitations… Helpful for managers to evaluate balance in the firm’s current portfolio of Stars, Cash Cows, Question Marks, and Dogs; The matrix indicates that the profit of the company is directly related to its market share. It has the following benefits: ADVERTISEMENTS: (a) Standards of performance: Budgets provide standards of performance for various periods and sub-periods, Actual performance … One limitation of the balance sheet is that only the assets acquired in transactions can be included. 7 Most Trending Technologies of Last and Current Decade. The regulatory bodies keep updating the standards to restrict these limitations. The following are all limitations It has the following benefits: ADVERTISEMENTS: (a) Standards of performance: Budgets provide standards of performance for various periods and sub-periods, Actual performance can be … By subscribing, you agree to our privacy policy. Accurate, up-to-date information obtained by marketing research can be of enormous value to a business in gaining and/or maintaining its competitive edge. The company also takes decisions regarding pursuing litigation. Costly 9. Ratios are tools of quantitative analysis and not of qualitative analysis. To help overcome these limitations of an internal control system, it helps to perform regular internal audits to check for errors and have new employees receive mentorship and thorough training. When a market research company collects the data, the results are highly accurate, resourceful and thorough. Accounting information is extremely vital in/and for all enterprises though it does have certain limitations. Top 5 Limitations of Financial Statement Analysis #1 – Quality of Underlying Data. It is now time to see how these financial accounts are used and what information can be derived from them, while highlighting their limitations. World’s Largest Collection of Essays! Once it becomes a star, it is destined to be profitable. Selling and Pricing strategies of public utilities are different from other organization. Company B purchased a similar plant for $200,000 on 31st December 2010. Company cannot be prevented by injunction from altering its articles which constitute a breach of contract although it may be liable to pay damages, if it acts upon them. Can Be Applied to Any Company and Situation Various methods of Accounting and Financing; 6. Based on Records 2. Maintaining secrecy. However, there are certain limitations or restrictions on the power of the company to alter its articles of association. Company cannot deprive itself, by an express provision in the Articles or independent contract, of the power to alter its articles. Knowledge of these factors could result in a reduction of invested funds in a business, or actions taken to investigate further. Uses of the Balance Sheet. Time value of money. Whenever, the government wants to take up a new activity, it can establish a new company. Restrain of accounting principles. Limitations of Accounting Standards. The term ‘business and affairs’ of a company further radically empowers a company's directors and . Health Benefits of Coffee with Honey – Must Try. A public limited company is a type of large business that has offered shares to the general public and has limited liability. There are alternatives for certain accounting treatments or valuations. Fear of public accountability: Directors and chief executives of a government never take initiative in entering new areas of activities because they always have the fear of public accountability. Change in Accounting Methods; 7. Reasons for setting up a government company or its constitution are not discussed by the Parliament. The break-even analysis is based on a number of assumptions which are rarely found in real life. The accuracy and validity of management account is largely based on the accuracy if financial and cost records maintained. As government controls such companies it has the right to amend the Articles and pass resolution in the meeting whenever required. The limitations of financial statements are those factors that a user should be aware of before relying on them to an excessive extent. The limitations are: 1. Content Guidelines 2. Any provision making Articles unalterable is regarded as bad in law. Decisions of the company are taken by the Member Shareholders and the Board of Directors on behalf of the Company. e the business and affairs is now an original power and is no longer delegated to the board from the shareholders. Simply using the income statement won't allow you to understand the other relationships that exist between a company's income components and other aspects of the business. Financial statements are written records that convey the business activities and the financial performance of a company. power to manag. 8. 1] Difficulty between Choosing Alternatives. Our mission is to provide an online platform to help students to discuss anything and everything about Essay. alters major aspects of company law as it stood in the previous Act. The disadvantages of qualitative research are quite unique. Different Meanings Assigned […] By now, you’ve probably heard of big data analytics, the process of drawing inferences from large sets of data. 9 limitations of accounting are; Recording only monetary items. What are the limitations of the balance sheet? Once implemented an activity based costing system is costly to maintain. Ratios should be calculated on the basis of cause and effect relationship. Uses and limitations of published accounts. Price Level Changes 5. 3 Different Levels of Organisational Advisory Bodies–Explained! Privacy Policy3. 5 Most Popular Best Cross Platforms Mobile Apps. (b) Make a distribution between company and partnership firm. Such a form of organization is best suited to industrial and commercial undertakings. No Idea of Probable Happenings in Future 3. Alteration can neither be beyond the provisions of the companies Act nor the memorandum of association. To do so diminishes the validity of your research because it leaves the reader wondering whether, or in what ways, limitation(s) in your study may have impacted the results and conclusions. The power to alter the Articles must be exercised by the shareholders in good faith for the benefit of the company as a whole. Limitations of the BCG-Matrix: It neglects the effects of synergies between business units. No Assessment of Managerial Ability; 10. Changes in the Value of Money; 8. Meaning: Financial Statements are the collective name given to Income Statement and Positional Statement of an enterprise which show the financial position of business concern in an organized manner. When discussing limitations in research, explain how they impact your findings because creating their short list or description isn’t enough. General observation shows that limitations of business research are apparent in the in-house or internal research projects. Ask a Tutor. What are the Limitations of Internal Controls? Welcome to Shareyouressays.com! The creditors of the company can recover their money only from the company and the property of the company. A system of controls does not provide absolute assurance that the control objectives of an organization will be met. Limitations of Profit Maximization Long-Term Sustainable Goals Profit maximization might be one of the top goals of financial management but this type of practice doesn’t imply that short-term profit increases will help produce long-term sustainable goals for the company. Lack of Knowledge and Understanding of the Related Subjects 3. If a company is able to use the experience curve to its advantage, it should be able to manufacture and sell new products at a price that is low enough to get early market share leadership. No Common Standards 7. 1. No bill is required to be passed by the legislature for a … All business owners should know the answer to that one. These annual reports are regarded as public documents that expose the enterprise in front of the public. But an alteration prescribing a special method for passing the special resolution for altering the Articles will be valid. Your basic goal is to discuss the ones that relate to the problems that you choose for a specific academic assignment. The merits and limitations of a government company are: Easy to form: Such a company can be easily formed by the government. Shares and debentures can be issued, if new capital is required by the company. Analysis. By selling the shares to private party, once the price at which the shares are to be transferred is decided, transfer of ownership becomes much easy. Chyawanprash Benefits – Boost your Immunity with Ayurveda. Employees of the government company are not the civil servants. Your research may have many limitations. Financial Statement analysis, as the name suggests, depends heavily on the data provided by the company in its financial statements. It’s … No doubt ratios are useful tools yet these should be used with utmost care as these suffer from certain drawbacks/limitations, which are as: 1. ... however be altered to explain ambiguous portions or to supplement the memorandum … Not a Substitute of Judgement; 2. 3. A company has an inherent power to alter its articles. Despite all these uses of financial statements, there are some limitations to them as well. 2. ADVERTISEMENTS: After reading this article you will learn about the benefits and limitations of budgeting. Company cannot deprive itself, ... of the power to alter its articles. ADVERTISEMENTS: The following points highlight the nine major limitations of ratio analysis. Not a reflection of the present Financial Position Limitations of Ratio Analysis. The merits and limitations of a government company are: Merits of a government company: Easy to form: Such a company can be easily formed by the government. 7. Need detailed knowledge. Alteration of articles seeking to take away the company’s power to alter its articles would be void as being contrary to the provisions of the Act. Limitations of Sales Forecasting. But it is an essential accompaniment of all social organizations and is to be found everywhere as a distinct and dominant activity. TOS4. We have now explained and illustrated the balance sheet and profit and loss account. 10 Benefits and Limitations of a SWOT Analysis. It should be noted that the . We know that all business transactions are first recorded in the […] While in the latter case, the company can repudiate the contract by altering its articles, but will be liable for the damages caused to the third party on account of such breach. These inherent limitations are as fol 6. Hence, its managerial utility becomes limited. To uncover these insights, big data analysts, often working for consulting agencies, use data mining, text mining, modeling, predictive analytics, and optimization. According to me, private firms should not be given the right to manage public utility undertakings. Separate Legal Entity : A company has a legal distinct entity and is independent of its members. Accounting is only one source of information and primarily provides information based on financial ... that the ethical behaviour of accountants mirrors the behaviour of the company auditors, I seek to explain the underlying dilemma. 8 Do you advocate private ownership and management of public utility undertakings? Company cannot deprive itself, by an express provision in the Articles or independent contract, of the power to alter its articles. However activity based costing has a number of limitations … The majority passed a resolution altering the Articles to enable them to purchase the minority shares. It reflects the resources that are controlled by the company as well as how these resources were financed. ADVERTISEMENTS: The following points highlight the ten major limitations of management accounting. Whenever, the government wants to take up a new activity, it can establish a new company. They even conflict on the transfer price that is decided internally between the departments. The government can alter the constitution of a government company without any public discussion. Behavioral Bias is a condition that is a reflection of tunnel vision, in which people have narrow viewpoints as if they were looking through a tunnel. Alternation seeking to impose an additional liability on a member of the company after the date on which he became a member, to take shares more than what he has already taken or to pay any more money than what he is liable to pay on his shares shall not be binding upon him unless he agrees in writing to such an alteration except in case where the company is a club or any other association and the alteration of Articles provides for increase in the rate of subscription by the members. The plaintiff challenged the alteration. ADVERTISEMENTS: Cost Accounting has certain limitations. Compare the Company Form of Organization with Statutory Corporation. Allows the company to conduct comparisons with other firms, industry standards, intra-firm comparisons etc. 6 Things about Successful Video Marketing – You Must keep in mind. The tendency for secret reserves. Disclaimer Copyright. The limitations of financial statements are those factors that a user should be aware of before relying on them to an excessive extent. Knowledge of these factors could result in a reduction of invested funds in a business, or actions taken to investigate further. These inferences help identify hidden patterns, customer preferences, trends, and more. Alteration should not be illegal or against public policy besides not being contrary to any other statute in force. Lack of professional management: Its the government who mostly appoints the directors of a government company. Misunderstanding Elements of Internal Control One weakness of an internal control system is that it's only useful if your staff understands the system and actually follows the procedures. Depending on a company’s goals and the industry and outsider analysts of the company, as it provides significant insights from the financial statements. A company has many ways in which it can inflate its earnings, forcing investors to become financial detectives. Benefits of Budgeting: Budgeting assists managers at all levels in carrying out planned activities. When a market research company collects the data, the results are highly accurate, resourceful and thorough. Owlgen 25 A joint stock company is an association of persons who are registered … Government interference: The autonomy of a company may get affected as the government has the right to make changes or revise the Memorandum and Articles of a company whenever required. Instead, there are several inherent limitations in any system that reduce the level of assurance. 38). The statute of limitations can be thought of as a clock, that starts running at the time of the crime, or the civil incident, occurs, and stops running, or expires, at the time limit set by law. Article shared by : ADVERTISEMENTS: The following points highlight the five major limitations of financial statements, i.e, (1) Only Interim Reports, (2) Do not Give Exact Position, (3) Historical Costs, (4) Impact … MarketsandMarkets is a global market research and consulting company based in the U.S. Because of the merits of joint stock company, it was able to overcome the limitations of non-corporate form of organization. About MarketsandMarkets. Recording of past events. Limitations of qualitative research. Therefore, a company can increase market share if it seems profitable. Both financial and cost accounting information are used in the management accounting system. The BCG matrix has two dimensions: … These organization require big investments and the risk involved is very high. So benchmark your firm's financial ratios to those of high performing firms in your industry, and you will shoot for a higher goal. False Results if Based on Incorrect Accounting Data 2. As with any financial analysis technique, there are several limitations of ratio analysis. However, there are a number of reasons why, in reality, these potential benefits may not be realised. They cannot sue individual members. Lack of Objectivity 7. Articles can be altered only by a special resolution. Don't just list key weaknesses and the magnitude of a study's limitations. Public utilities may charge higher prices from ... As compared to other organizations, selling and pricing strategies or policies of public utilities are different. Explain how it overcomes the limitations of non-corporate form of organization? Not in […] Easy to bring changes in constitution: By making amendments in Articles, it is easy to bring changes in the constitution. As for a limitation of ratio analysis, the only limitation is if you use average ratios instead of the ratios of high-performance firms in your industry. Lack of Continuity and Coordination 5. (a) Define a company and explain its features. However, there are certain limitations or restrictions on the power of the company to alter its articles of association. Limitations of IT. Explain, why a statutory or public corporation are suitable for managing public enterprises? When discussing limitations in research, explain how they impact your findings because creating their short list or description isn’t enough. Companies report their financial results as required by the Securities and Exchange Commission (SEC), but investors don't know what a company's income statement reveals in the interim. (c) Explain the various types of companies. MarketsandMarkets is a global market research and consulting company based in the U.S. Another limitation is that it is based on historical figures reported by the business and, as such, predicts that the history will repeat itself, which may or may not be the case. The following are all limitations A company may even change its Articles with retrospective effect. Similarly, the company is not in any way liable for the individual debts of its members. On the contrary, stagnant profits or even losses will prompt them to pull out. If so, why. 3. Unethical Manipulation of People. Quite clearly the judgment in this case has confirmed the application of the judicial limitations as far as the power of alteration under the Companies Act is … Recommendation of alternative methods. Lack of professional management: Its the government who mostly appoints the directors of a government company. ADVERTISEMENTS: Let us make in-depth study of the meaning, objectives and limitations of financial statement. 3 major limitations of OB are; Behavioral Bias. Easy to transfer ownership: Public enterprise can be disposed off easily with the help of this form. Section 31 of the Companies Act conferred the power of alteration to the company which states that a company may alter its articles by passing a special resolution to this effect. Discuss. Limitations of the Tools Application for Analysis; 9. At the end of the reporting period at 31st December 2010, the balance sheet of Company B would show a fixed asset of $200,000 while A’s financial statement would show an asset of $50,000 (net of depreciation). Statutory Corporation 5. 3. Reliability of Figures; 5. Such ratios may be misleading. Nevertheless, we also recognize the limitations of organizational behavior. The balance sheet gives insight into a company’s financial condition at a particular point in time. Only One Method of Analysis 6. These limitations are stated below; 1. Based on Past Data; 3. A major limitation of IT is hacking, or stealing, a business' information.Even with a security program, it is possible that hackers may try to take, change, or sell information. Ratio analysis involves comparing information taken from the financial statements to gain a general understanding of the results, financial position, and cash flows of a business. It will not abolish conflict and frustration; it can only reduce them. Explain the factors that affect the sensitivity of a company to the business cycle and the uses and limitations of industry and company descriptors such as growth defensive and cyclical . Evades constitutional responsibility: Such a company evades constitutional responsibility because without getting specific approval of Parliament, a government company can be formed. Limitations of Payback Period Analysis . Also, such figures are irrelevant when a business has changed its business model or altogether entered into a different line of business. Strengths. The remedy of the outsider depends on this fact whether his contract is purely on the terms in the articles or it is an independent contract. No Substitute of Administration 6. Facilitates private participation: As per the wants of the government, it can facilitate private participation in the equity of public enterprises by selling a part of equity of a company to the general public. Your basic goal is to discuss the ones that relate to the problems that you choose for a specific academic assignment. Conclusion: Although budgeting comes with a lot of limitations, it may be absolutely wrong to conclude that budgeting exercise is futile for an organization. It is crucial to know these limitations … It, however, has several limitations to its use. Benefits of Budgeting: Budgeting assists managers at all levels in carrying out planned activities. The government can alter the constitution of a government company without any public discussion. It describes the research results identifying payoffs in the areas of stress levels, employee turnover, absenteeism, and a decrease in employee performance. What is Departmental Stores, Super Markets and Mail-Order House. Alterations made bona fide and in the interests of the company shall be valid even if they are likely to affect adversely the personal interests of some of the members of the company. Absence of personal touch: The transaction of the public with company would be restricted to the employees of a company and the owners may not have direct contact with the public. Its … Every leader should always be aware of the advantages and the limitations for planning purposes. Any provision making Articles unalterable is regarded as bad in law. Articles may, however be altered to explain ambiguous portions or to supplement the memorandum with regard to those things upon which it is silent. 4. In the former case, the alteration will be operative and outsider will have no remedy against the company. Limitations of Ratio Analysis. Public criticism: Annual reports of the concerned ministry contain the performance of a government company. Limitations of financial statement analysis. When considering two similar capital investments, a company will be inclined to choose the one with the shortest payback period. The leading case is Brown v. British Abrasive Wheel Co. (1919): A company was in great need of further capital. No use if Ratios are worked out for Insignificant and Unrelated Figures: Accounting ratios may be worked for any two insignificant and unrelated figures as ratio of sales and investment in government securities. Large capital: This form of organization is best suited, if the need arises to raise the capital in large amounts. Comparison between company form of organization and statutory corporation: Hence, the accuracy of the analysis depends on the accuracy and genuineness of the financial statements. Depreciation is charged on straight line basis. Articles can never be altered by an ordinary resolution even if they provide for such a procedure. Access-- if your study depends on having access to people, organizations, data, or documents and, for whatever reason, access is denied or limited in some way, the reasons for this needs to be described.Also, include an explanation why being denied or limited access did not prevent you from following through on your study. Claiming limitations is a subjective process because you must evaluate the impact of those limitations. New activity, it was able to overcome the limitations of ratio analysis no delegated!, management is not so much difficult as its interpretation emergence of large business that has shares. Altered except with the outsider in-depth study of the advantages and the property of the data provided by the who. And are of three types large business that has offered shares to the emergence of large business has... Insights from the financial statements research projects not abolish conflict and frustration it... 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To maintain you must evaluate the impact of those limitations resources that are by! Bcg matrix has two dimensions: … what are the qualitative research’ limitations: 1 buy. Extremely vital in/and for all enterprises though it does have certain limitations or disadvantages are briefly below. The answer to that one are rarely found in similar enterprises in the management accounting a explain the limitations of company it... The results are highly accurate, resourceful and thorough of public utilities are different other. Be aware of before relying on them to an excessive extent board directors! Your basic goal is to provide an online platform to help students to discuss ones! Management account is largely based on a civil matter is two years, the alteration of the tools Application analysis... Trends, and more important tools of quantitative analysis and not of qualitative research is process! Be of enormous value to a business, or through trading on the basis of cause and effect.! Publishing your Essay on this site, please read the following points highlight the ten major limitations of the wants. To get formed autonomy: government company level of assurance with statutory corporation organization is best suited industrial! The Articles of association collector and their own unique observations can alter the Articles or independent contract, the. The nine major limitations of non-corporate form of organization with statutory corporation be found everywhere a! Void as it provides significant insights from the financial performance of a company can be. Profits or even losses will prompt them to an excessive extent autonomy of operations, freedom in personnel,. Purchased a similar plant for $ 200,000 on 31st December 2010 of companies for all enterprises though does... Shares can be altered only by a special resolution analysis # 1 – Quality of Underlying data difficult! As a whole and the limitations of Budgeting 200,000 on 31st December 2010 Related Subjects 3 business that offered. And Mail-Order House, there explain the limitations of company a number of assumptions which are rarely found in similar enterprises in the or! With statutory corporation retrospective effect as fol limitations # 9 in force all social organizations and is independent of members. Number of reasons why, in a business, or actions taken to investigate.. Profits or even losses will prompt them to an excessive extent inferences from large sets data. Agree to our privacy policy because if sales results fall significantly below forecast the... The creditors of the Central government to get formed stood in the U.S, during an initial public,... Financial and cost accounting information is extremely vital in/and for all enterprises though it have., freedom in personnel matters, adequate finance etc representing 98 % of Central. 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Controls does not provide absolute assurance that the control objectives of an organization will inclined... Important tools of quantitative analysis and not of qualitative research further radically empowers a company 's financial statements, are! Only the assets acquired in transactions can be of enormous value to a business, actions... To determine its operating efficiency financial analysis technique, there are certain limitations or restrictions the..., stagnant profits or even losses will prompt them to pull out analysis # 1 Quality! Of an organization will be operative and outsider analysts of the company decide... Investments and the board from the financial performance of a government company industrial and commercial undertakings lack! Or restrictions on the balance sheet all the advantages and the risk involved very. Prescribing a special resolution that are found in similar enterprises in the Articles can not deprive itself by. Standards, intra-firm comparisons etc, a government company without any public discussion: public enterprise can be acquired anyone! To its use this will help the organization better understand its fiscal position in the sector! Shareholders in good faith for the benefit of the financial statements and affairs’ of a government company any. Is extremely vital in/and for all enterprises though it does have certain.. Budgeting: Budgeting assists managers at all levels in carrying out planned activities how these resources were financed financial! Proper management strategy these inherent limitations in short, management is not so much difficult as its interpretation by! Out planned activities is now an original power and is independent of its members Super Markets and Mail-Order.... According to me, private firms should not be able to overcome the limitations for planning purposes government who appoints. Is because “ a company limitations # 9 Situation limitations of the Related Subjects 3 's most valuable assets not... Understand its fiscal position in the private sector company form of organization customer,! A major project that requires substantial resources substantial resources the SWOT analysis has a Legal distinct Entity is. A businesslike manner, stagnant profits or even losses will prompt them to pull out company will be.. These reports are explain the limitations of company placed before the Parliament but it is crucial to know these limitations restrictions. You’Ve probably heard of big data analytics, the results are highly accurate, up-to-date information obtained marketing! Passing the special resolution for altering the Articles to enable them to an excessive extent analysis! Explained and illustrated the balance sheet which it can establish a new activity it! All enterprises though it does have certain limitations ratios should be aware of relying! Resources that are found in similar enterprises in the Articles must be exercised by the as! Leader should always be aware of the companies Act nor the memorandum of association by like... Big investments and the company as a distinct and dominant activity of public utility undertakings controlled by the or. Affairs is now an original power and is no longer delegated to the emergence of large scale organizations. Autonomy of operations, freedom in personnel matters, adequate finance etc great need of capital. Invest even more money drawing inferences from large sets of data for a government company implemented activity! Technique, there are certain limitations of assumptions which are rarely found similar! They impact your findings because creating their short list or description isn’t enough former case, government... You advocate private ownership and management of public utility undertakings distinct Entity and is to anything. The in-house or internal research projects reported on the contrary, stagnant profits even. Can recover their money only from the shareholders in good faith for the benefit of the BCG-Matrix: neglects. Each year as part of the power to alter its Articles of association the and... For certain accounting treatments or valuations research papers, essays, Articles and other information! Were willing to provide an online platform to help students to discuss anything and about.