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Archives for November 2014

Positive reviews of the Cyprus economy

International Rating Agencies Following the recent positive reviews of the Cyprus economy, the two international rating agencies Standard & Poor’s and Fitch, have upgraded the economy during the last days. More specifically, Fitch upgraded the Cyprus economy to B+ and…

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Financial statements are prepared according to agreed upon guidelines. In order to understand these guidelines, it helps to understand the objectives of financial reporting. The objectives of financial reporting, as discussed in the Financial Accounting standards Board (FASB) Statement of…

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