The difference between profit making accounting and not for profit making accounting is, that question should answer itself! 8^0
No economic profit is not always less than accounting profit; However, if accounting profit is less than economic profit the business would exit the industry.
no
what are some research proposals topics in accounting and finance
Some researchable accounting topics include the invention/development of double-entry bookkeeping, carbon accounting and green taxation, the cost of anti-money laundering to financial institutions and valuation issue of fair value accounting. A person can also be creative and come up with their unique topics.
accounting for healthcare organizations in not-for-profit ,tend to differ from accounting in other industries.
Some topics for an accounting project include the evaluation of internal control system, and the impact of different methods of depreciation. The effects of financial accounting reporting on business management can also be an accounting project topic.
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in the bank
Cash accounting and accrual accounting are two methods of accounting in cash accounting system all expenses and revenues are recorded when actual cash is paid or received while in accrual profit and loss statement, revenues and expenses are recorded when they are actually occurred and timing of receipt and payment of cash is not important.
1. Tax is a deductable item from accounting profit as tax is calculated on profit before tax amount to reach at profit after tax account which is also the net profit available for distribution to share holders of company.
Profit that is made by superb accounting. By using the accounting trade, money is saved that would have been lost without it. However I am supposed to reach 150 characters.