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What are theAdvantages of accounting information disclosure?
what are the advantages of accounting information disclosure?
Discuss the various factor influencing the accounting environment in a country?
The variation in accounting disclosure and reporting practices.
Each what areas of accounting describe the application of substance over form 1 Group accounting 2 Financial non current asset 3 Measurement and disclosure of current assets?
The area of accounting that describes the application of substance over form is Financial non-current asset.
Each what areas of accounting describe the application of substance over form 1 Group accounting 2 Financial non-current asset 3 Measurement and disclosure of current assets?
The area of accounting that describes the application of substance over form is known as Financial non-current asset.
What is meant by fairness in distribution and fairness in disclosure in terms of accounting?
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What has the author James J Benjamin written?
James J. Benjamin has written: 'Principles of Accounting/Study Guide' 'Practice problem I for use with intermediate accounting' -- subject(s): Bookkeeping, Problems, exercises, Small business 'Accounting flows and disclosures' -- subject(s): Accounting, Cash flow, Disclosure in accounting 'Financial accounting' -- subject(s): Accounting 'Study guide for Financial accounting'
Does the full disclosure principle requires that the notes to the financial statements report a change in accounting method for inventory?
The full disclosure principle requires that the notes to the financial statements report a change in accounting method for inventory.
How legislation and accounting concepts affect an organization accounting policies?
Describe how the legislation and accounting concepts affect an organisation's accounting policiesReporting methods, measurement systems, and disclosures used by a specific company. The accountant should evaluate the appropriateness of accounting policies employed by management. A description of the company's accounting policies should be presented in a separate section preceding the footnotes to the financial statements or as the first footnote. Disclosure of accounting policies should include Accounting Principles and methods of application that involve: (1) a selection from generally accepted alternatives; (2) those peculiar to the industry or field of endeavor; and (3) unusual or different applications of Generally Accepted Accounting Principles (GAAP). Examples of disclosures are basis of Consolidation, depreciation methods, and inventory pricing. Disclosure of accounting policies assists financial readers in better interpreting a company's financial statements. Thus it results in fair presentation of the financial statements.
How the legislation and accounting concepts affect an organization's accounting policies?
Reporting methods, measurement systems, and disclosures used by a specific company. The accountant should evaluate the appropriateness of accounting policies employed by management. A description of the company's accounting policies should be presented in a separate section preceding the footnotes to the financial statements or as the first footnote. Disclosure of accounting policies should include Accounting Principles and methods of application that involve: (1) a selection from generally accepted alternatives; (2) those peculiar to the industry or field of endeavor; and (3) unusual or different applications of Generally Accepted Accounting Principles (GAAP). Examples of disclosures are basis of Consolidation, depreciation methods, and inventory pricing. Disclosure of accounting policies assists financial readers in better interpreting a company's financial statements. Thus it results in fair presentation of the financial statements.
What type of accounting disclosure is required if consistency is not apply?
In accounting the consistency concept means that when a method of accounting is adopted it must be used consistently in the future. If the policy for accounting is changed in any way the nature of the change, the effects the change has on items in the financial statement and the reason for making the change must be fully disclosed by the business. If the consistency concept is not applied then disclosure of changes are made at the discretion of the business.
What type of accounting disclosure is required if consistency concept is not applied?
In accounting the consistency concept means that when a method of accounting is adopted it must be used consistently in the future. If the policy for accounting is changed in any way the nature of the change, the effects the change has on items in the financial statement and the reason for making the change must be fully disclosed by the business. If the consistency concept is not applied then disclosure of changes are made at the discretion of the business.
What has the author David F Hawkins written?
David F. Hawkins has written: 'Accounting for leases' -- subject(s): Accounting, Leases 'Corporate financial disclosure, 1900-1933' -- subject(s): History, Law and legislation, United States, Financial statements, Disclosure of information, Corporations, Accounting 'Corporate financial reporting and analysis' -- subject(s): Corporation reports, Corporations, Accounting, Financial statements
