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What is the Financial Accounting Standards Board's ideal of neutrality?
accounting standards should be designed to provide the best possible information for economic decision making without regard to how that information may affect economic, political, or social behavior.
How does organization structure affect the design of management accounting system?
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How does business and accounting affect the society?
how does business and accounting affect in the society
What is meant by quality of earnings?
In recent years, I've read earnings announcements from companies and I've come to doubt the transparency of even the veracity of what I've been reading. After digging into the financial statements, I've found what I consider some dubious earnings reporting. Financial analysts are increasingly concerned about earnings reporting and have reached certain conclusions.* The measure of quality is the degree to which earnings are generated from internally developed initiatives, as opposed to external forces.* If a company has increased earnings year over year from improved cost efficiencies or sales generated from a marketing campaign, that company has a high quality of earnings.* If a company's earnings are attributed to outside sources such increasing commodity prices, this is seen as low quality of earnings.* It has also come to mean the degree to which management's choices of accounting estimates can affect reported income.* Some analysts question whether some firms engage in "earnings management."
Define concept of materiality in accounting?
Any omission, misstatement or non disclosure of information that can adversely affect users decision or discharge management from its accountability.
How does an increase in liability affect the debit or credit side of the accounting equation?
An increase in liability will affect the credit side of the accounting equation.
What issues the ISO 9000 certification standards?
The ISO 9000 certification standards are issued by the International Organization for Standardization The ISO 9000 certification standards is the family of standards set by ISO that relates to [QMS] or quality management systems. It mainly focuses on the deliverance and assurance the companies are able to meet the needs of their customers, clients and stake holders. It deals with the fundamental needs of management and principles which also affect the organizations' product and services.
What are the limitations of management accounting?
Based on Financial and Cost Records. 2.Personal Bias. 3.Lack of Knowledge and Understanding of the Related Subjects. 4.Provides only Data. 5.Preference to Intuitive Decision Making. 6.Management Accounting is only a Tool. 7.Continuity and Participation. 8.Broad Based Scope.
How does contingent liability impact earnings?
Contingent liability can impact earnings because it is a projected and future liability. Not knowing what the outcome of the liability is, it can unexpectedly affect a large amount of earnings.
How does culture affect the international management?
how does culture affect in international management
How does withholding taxes affect the employers when they need to pay wages to employees and contractors?
It costs a great deal in accounting, finance and such, takes time and management. All called "cost of compliance".
How does accounting information helps research scholars?
They need accounting information to make a study and assess how accounting information affect business organisation.
