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When it comes to business, there is a common global language for accounting. This is known as IFRS, or the International Financial Reporting Standards.
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What are the main advantages of the Peachtree Accounting software over similar software programs?
Peachtree Accounting software is the oldest accounting software in the world. Peachtree software contains all forms of accounting services. Peachtree Accounting software makes bookkeeping quick and easy.
What is substance over form in accounting terms?
is a principal of accounting meaning means fully covered accounting satatements.
What is substance over form concept in accounting?
SUBSTANCE OVER FORM is an accounting concept where the entity is accounting for items according to their substance and economic reality and not merely their legal form.
Why accounting is the language of business?
The reason that accounting is the "language of business" is because of its role in maintaining and processing all relevant financial information that an entity or company require for its managing and reporting purposes. Accounting is aptly called the language of business. This designation is applied to accounting because it is the method of communicating business information. The basic function of any language is to serve as a means of communication. Accounting duly serves this function. The task of learning accounting is essentially the same as the task of learning a new language. To enable the accounting language to convey the same meaning to all people as far as practicable it should be made standard. To make it a standard language certain accounting principles, concepts and standards have been developed over a period of time.
Can a high school science graduate make a college do over and go into accounting?
Yes,you can switch on to accounting even you have science background. You will need to understand the basic concepts of accounting because the whole accounting is based on it`s concepts and principles,they should be learnt properly for performing accounting.
Historical development of accounting from primitive to modern times?
Regulations have been implanted over the years to ensure that accounting reports are produced with standard content and in a standard format.
What are basic accounting concepts?
The main objective of Accounting concepts is to maintain uniformity and consistency in accounting records. These concepts constitute the very basis of accounting. All the concepts have been developed over the years from experience and thus they are universally accepted rules.
What is the function of International Accounting Standards Board?
The function of the International Accounting Standards Board is to oversee the doings of Accountants and businesses worldwide. The Board handles the functions of in house police over companies and individuals that come under their purview.
What are the main advantages of the Peachtree Accounting software over similar software programs?
Peachtree Accounting software is the oldest accounting software in the world. Peachtree software contains all forms of accounting services. Peachtree Accounting software makes bookkeeping quick and easy.
What place is used as a standard for time all over the world?
Its London
What is substance over form in accounting terms?
is a principal of accounting meaning means fully covered accounting satatements.
What is substance over form concept in accounting?
SUBSTANCE OVER FORM is an accounting concept where the entity is accounting for items according to their substance and economic reality and not merely their legal form.
Why accounting is the language of business?
The reason that accounting is the "language of business" is because of its role in maintaining and processing all relevant financial information that an entity or company require for its managing and reporting purposes. Accounting is aptly called the language of business. This designation is applied to accounting because it is the method of communicating business information. The basic function of any language is to serve as a means of communication. Accounting duly serves this function. The task of learning accounting is essentially the same as the task of learning a new language. To enable the accounting language to convey the same meaning to all people as far as practicable it should be made standard. To make it a standard language certain accounting principles, concepts and standards have been developed over a period of time.
Why is India a bad place to live?
I could not get this question exactly, though. Standard of living low in India... low in comparison to which country? India still belongs to the Third World; naturally it is expected to maintain a low standard of living in comparison to the First world countries. If you are talking of other third world countries, India is not faring badly...
How has accounting jargon developed?
Accounting jargon has developed over the years in a significant manner. The introduction of technology to accounting has contributed to this development.Ê
What is the usage of International System Of Units?
It is used all over the World, as an international standard.
What is standard cheese?
Standard cheese is cheddar.Cheddar is classed as standard cheese as it is so wideley available over the world as it is the most basic cheese to make.Cheddar is also classed as standard cheese as it is the most eaten and used cheese in the world.
