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Accounting theory is very important in helping people to understand the basis and policies in accounting. From understanding the rules of GAAP to exploring the origins of accounting, being a good accountant involves understanding the theories that support the practice.
Cost accounting involves collecting, analyzing and summarizing various courses of action. Then, accounting advises the management on what to do.
U Should understand the Basic Finance & Accounting, Bcz in our life indirectly we are using finance and accounts, if we are not know the basic thing of finance and accounting means how we analyse the thing are right or wrong,
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Positive Accounting Theory is a branch of academic accounting research. It tries to predict and explain actual accounting practices. It is used to understand how to use accounting practices better.
By taking courses in business accounting, you will be able to understand the different staffing requirements for most business structures. Every business department is affected by accounting. An appreciation of accounting procedures will help you understand the importance of the various levels of business staffing.
Accounting theory is very important in helping people to understand the basis and policies in accounting. From understanding the rules of GAAP to exploring the origins of accounting, being a good accountant involves understanding the theories that support the practice.
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They are set of accepted accounting standards and general rules.
Cost accounting involves collecting, analyzing and summarizing various courses of action. Then, accounting advises the management on what to do.
You may find several books on an introduction to accounting. The "For Dummies" series is actually very good and outlines the basics of accounting knowledge in an easy to understand format. This will enable you to understand and work with advanced topics.
U Should understand the Basic Finance & Accounting, Bcz in our life indirectly we are using finance and accounts, if we are not know the basic thing of finance and accounting means how we analyse the thing are right or wrong,
An accounting module refers to a set of standardized parts of accounting that are used in teaching the accounting students. The accounting modules are usually broken down into a number of subjects to enable the learners to easily understand certain accounting concepts.
AnswerHow do specific accounting theories helps us to understand issues relating to harmonization of accounting standard.
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Accounting helps the business create reports for both internal and external shareholders. Accounting also helps a business understand their financial position within the industry.