Alternative Accounting Rules

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Definitions
Alternative Accounting Rules
Alternative Accounting Rules Companies Act Historical Cost Convention Intangible Assets Fixed-Asset Investments Current Cost Net Realizable Value Permanent Diminution in Value Modified Historical-Cost Convention
Alternative accounting rules under the Companies Act modify the historical-cost convention, allowing for the valuation of certain assets at current or market value.
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Definitions
Micro-Entity
Micro-Entity Small Company Net Worth Turnover Company Reporting Directive Companies House Fair Value Accounting Alternative Accounting Rules Accounting Directive FRS 105
A micro-entity is a very small company that meets specific criteria for turnover, net worth, and number of employees, allowing it to present simplified annual accounts under certain regulatory frameworks.
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