What Are Some of the Disadvantages of Going Public

question 40

Essay

What are some of the disadvantages of going public?

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Definitions:

Ledger Accounts

Register that contains a record of all financial transactions categorized by account types within an organization's financial statements.

AASB 12/IFRS 12

An accounting standard that requires disclosures of interests in other entities, including subsidiaries, joint arrangements, associates, and unconsolidated structured entities.

Disclosure Requirements

Specific information that must be provided in financial statements or notes to the statements, ensuring transparency and completeness in financial reporting.

Decision Making

The process of selecting the best course of action among several alternatives.