ADVANCED ACCOUNTING Definition

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ADVANCED ACCOUNTING covers accounting operations, patterns, merger of public holding companies, foreign currency operations, changing financial statement prepared in foreign and local currencies. Advanced accounting also includes a variety of advanced financial accounting issues such as lease contracts, pension funds, end of service severance payments, etc.

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SAME STORE SALES is used when analyzing the retail industry. It compares sales in stores which have been open for a year or more.

JIAO (CHIAO) is a currency of China.

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