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It is based on people's self interest therefore it is political
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∙ 16y ago
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Is accounting standard setting political in nature?
The setting of accounting standards and best practices is not political in nature. It is intended to ensure integrity and consistency throughout the profession.
Explain the nature and Importance of Accounting Standards?
yes
How is accounting is said to be political in nature by analysing public interest theory with private interest theory?
Accounting is political in nature as final information from accounting reports has impact on the general public, whether it be a public or private company.
1 What is the nature and scope of accounting?
What is management accounting ?Explain the nature and scope of management accounting management accounting is a part of accounting which is used for decision making lik in the organisation these decision makers prepare cash flow statement wich helps in forcasting the future profit of the organisation
Accounting is said to be political in nature.How?
Accounting can be political in nature because it is sometimes manipulated to make a company seem to be performing better than it is. Accounting will in some cases aim to bring out the strengths of the company and hide its financial weaknesses.
What are the nature of accounting standards?
what are accounting standards nature
How do you explain discounting of accounting policies?
Explain discounting of accounting policies
Accounting is political in nature analyze this statement by comparing public interest theory and private interest theory?
private n public..
Discuss the nature and scope of management accounting?
difine the nature and scope of management accounting?
What is the nature of accounts in accounting?
types of nature of accounts
Explain cost center in the context of Cost Management Accounting?
Explain cost center in the context of cost accounting
What are the basic accounting concepts and explain their implications?
what are the implications of accounting principles
