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Its a new phase to development of accounting and its birth to increase the social awareness. the social effects of business decisions in addition to the economic effects.
Poor accounting in small scale business could lead to major losses for the business if there is confusion about how much money it has, and how it is spent. There could also be legal repercussions for inaccurate accounting.
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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To minimize the harmful effects of technology on people and the environment by not everyday using the computers, cellphones, iphone and other gadgets. And not to harm the environment we should not let the factories to throw their waste on the river,ocean and forests. by: Angelica Caiña
In accounting the consistency concept means that when a method of accounting is adopted it must be used consistently in the future. If the policy for accounting is changed in any way the nature of the change, the effects the change has on items in the financial statement and the reason for making the change must be fully disclosed by the business. If the consistency concept is not applied then disclosure of changes are made at the discretion of the business.
In accounting the consistency concept means that when a method of accounting is adopted it must be used consistently in the future. If the policy for accounting is changed in any way the nature of the change, the effects the change has on items in the financial statement and the reason for making the change must be fully disclosed by the business. If the consistency concept is not applied then disclosure of changes are made at the discretion of the business.
Corporate scandals can have lasting effects on a business. Any type of unethical behavior by a business can cause a scandal, which may eventually lead to the business filing for bankruptcy. Unethical behavior may include embezzlement, accounting fraud, and internal corruption.
Computers can be used to simulate the effects of environmental conditions. Though this, computer systems can be used to predict various future environmental changes. It can be easy to contact or communicate to the government officials nor the big state in other places. Computer nowadays has been used by the Firms for their Business Strategy instead of using manual. Computers are considered as the major impact for the environment because people will learn such things in the use of Technology not only in the society but also in other places. It will boost the business firms to maximize the resources, increase the effectiveness and efficiency.
Free Market economy Command economy Mixed economy
The harmful effects of CARS to our environment is the carbon monoxide
it is one of three effects of change in accounting principle (direct,indirect, and cumulative effects).The indirect effect of change in accounting principles are differences in non-discretionary items based on earnings (e.g bonuses) that would have occurred if the new principle had been used in prior years.quoted from Becker CPA