Forensic Accounting Can Be Defined as the Application of Financial

question 3

True/False

Forensic accounting can be defined as the application of financial facts to legal situations.

---

Definitions:

Partial Hedge

A risk management strategy that does not fully offset the potential losses from an exposure, covering only a portion of the risk.

Equity Accounting

A method of accounting whereby an investor records its investment in an associate company at initial cost and subsequently adjusts the carrying amount for its share of the earnings and losses of the associate.