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Conventional accounting is a method generally used by the managers within a company. It focuses on aspects such as decision-making, the future of the company, and timeliness. This method gives the managers a better idea of the current company situation and how it affects finances in the future.
Wiki User
∙ 9y ago
Wiki User
∙ 11y agoThese are the rules and regulation that are intended to resolve the conflied which aries from the application of accounting concept
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What makes budgetary accounting different from conventional accounting?
what makes budgetary accounting different from conventional accounting
Which costs is often important in decision making but is omitted from conventional accounting records?
opportunity cost
What is the traditional costing formula?
Traditional costing is a method in accounting where the manufacturing overhead costs are allocated to the products manufactured. It is also called as conventional costing.
What is human resource accounting?
Human resource accounting is process of identifying, measuring and communicating the human resources investment and contributions which the conventional accounting have not taken care of in the financial statement. It is the quantification of the cast and value of employees to an organization.
Definition of conventional and non conventional energy?
Definition of conventional and non conventional energy
How is conventional sources of energy different from conventional sources?
Conventional sources are the same as conventional sources.
Define 'Accounting' Distinguish between Financial Accounting and Management Accounting?
Define 'Accounting' Distinguish between Financial Accounting and Management Accounting
What are the subfields of accounting?
1. Financial Accounting 2. Cost Accounting 3. Management Accounting 4. Social Accounting 5. Human Resource Accounting 6. National Accounting
What is conventional technology?
This is the technology that is conventional
What are the different fields of accountung?
1- Cost Accounting 2 - Financial Accounting 3 - Management Accounting
What is the 3 golden rules of accounting?
personal accounting nominal accounting real accounting
What are the accounting area governing accounting profession?
what are the accounting areas governing accounting profession
