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Is the time value of money concept fundamental to the analysis of cash inflow and outflow decisions covering periods over one year?
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∙ 13y ago
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Wiki User
∙ 13y ago
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What are the fundamental concept of accounting?
basic principle of accounting
What is the use of differential cost in managerial accounting?
Differential cost is the difference between the cost of two alternative decisions, or of a change in output levels. The concept is used to reach decisions about which alternatives to pursue, and which to drop.
What Basic 8 concepts of financial accounting?
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The preparation of accounting information is based on certain fundamental principles which are named as accounting assumptions. These are, like any other assumptions, things that accountant assumes before he prepares accounting information. For example: every asset that an organization has is depreciated for future, because accounting supposes that it is going to be used in the future. In most cases, it will be but in some cases it won't, but as an accountant you must always assume or suppose that it will. There are various other assumptions, or principles that accounts make believe while preparing accounting information. Some of them, which I know of, are: * Business Entity Concept * Going Concern concept * Historical Cost concept * Accounting Period Concept * Materiality concept * Full Disclosure concept All these concepts are known as accounting assumptions, there may be few more which I am , at this moment, oblivious to. Manish Regmi
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Why ethics is a fundamental business concept?
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What are the fundamental concept of accounting?
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What is the fundamental concept for probability and statistics?
The fundamental concept is that there are many processes in the world that contain a random element. If that were not the case, everything would be deterministic and there would be no need for probability of statistics.
What is the fundamental of real number system?
The fundamental property of the real number system is the concept of a successor to a whole number (Peano).
Chamberlin's concept and joan Robinson concept are similar benefit analysis?
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What doctrine of rights did both the no incorporation justices use to expand use to expand the notion of legal rights?
Natural rights built on the concept of "fundamental fairness" :)
All basic life forms were present from the beginning is fundamental to the concept of?
Evolution
The theory that wrongdoers choose to commit crimes is?
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How do you handle the four fundamental fractions?
I never heard about "four fundamental fractions". There is a concept of fundamental operations, which refers to addition, subtraction, multiplication and division, but I don't think that "fundamental fractions" has any commonly-accepted meaning in math.
What does the financial analysis do?
The government Accountability Office developed what concept
