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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BLIND TRUST is a trust where assets are not disclosed to their owner.

RULE OF THUMB is a rough and useful principle or method, based on experience rather than precisely accurate measures.

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