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How legislation and accounting concepts affect an organization accounting policies?
Wiki User
∙ 14y ago
Describe how the legislation and accounting concepts affect an organisation'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.
Wiki User
∙ 14y ago
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How do you explain discounting of accounting policies?
Explain discounting of accounting policies
accounting policies and procedures?
policies and procedures
Responsibilities of accounting department?
The responsibilities of an accounting department are to handle all financial transactions in the organization. These includes bookkeeping, filing returns advising on various monetary policies and so much more.
Is the Polyproc Accounting Policies and Procedures compatable with all operating systems?
Polyproc Accounting Policies and Procedure will work on windows 200, nt, xp or vista.
What is an example of an inventory accounting policy that should be disclosed in a summary of significant accounting policies is what?
Method used for inventory pricing.
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.
How do you explain discounting of accounting policies?
Explain discounting of accounting policies
accounting policies and procedures?
policies and procedures
Responsibilities of accounting department?
The responsibilities of an accounting department are to handle all financial transactions in the organization. These includes bookkeeping, filing returns advising on various monetary policies and so much more.
What legislation in administering medication?
legislation regulations and policies
The difference between accounting policies and accounting bases?
The difference between accounting and auditing?"
What has the author James Oscar McKinsey written?
James Oscar McKinsey has written: 'Organization and methods of the Walworth Manufacturing Company' -- subject(s): Boston Walworth Manufacturing Company 'Adjusting policies to meet changing conditions' -- subject(s): Industrial management 'Accounting principles' -- subject(s): Accounting 'Organization problems under present conditions' -- subject(s): Industrial organization
Is the Polyproc Accounting Policies and Procedures compatable with all operating systems?
Polyproc Accounting Policies and Procedure will work on windows 200, nt, xp or vista.
What is accounting nationalism?
Accounting nationalism is a situation where by each country has a national sovereinty †☺ establish her own accounting rules and policies.
What is an example of an inventory accounting policy that should be disclosed in a summary of significant accounting policies is what?
Method used for inventory pricing.
What is the difference between legislation codes of practice and work place policies?
Legislation is written in law. Codes of practice are things companies follow informally. Work place policies are written in company regulations.
What political organization directs the policies of government?
What political organisation directs the policies of government?"
