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What is an example of an inventory accounting policy that should be disclosed in a summary of significant accounting policies is what?
Wiki User
∙ 11y ago
Method used for inventory pricing.
Wiki User
∙ 11y ago
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How do you explain discounting of accounting policies?
Explain discounting of accounting policies
Significant accounting policies are described in the explanatory notes to the financial statements because?
The reader must be aware of which of the alternative generally accepted accounting practices have been used.
accounting policies and procedures?
policies and procedures
How legislation and accounting concepts affect an organization accounting policies?
Describe how the legislation and accounting concepts affect an organisation's accounting policiesReporting 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.
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.
How do you explain discounting of accounting policies?
Explain discounting of accounting policies
Significant accounting policies are described in the explanatory notes to the financial statements because?
The reader must be aware of which of the alternative generally accepted accounting practices have been used.
accounting policies and procedures?
policies and procedures
Explain inventory Management policies?
what is definition of inventory? what is the difference between inventory and asset?
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 legislation and accounting concepts affect an organization accounting policies?
Describe how the legislation and accounting concepts affect an organisation's accounting policiesReporting 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.
The difference between accounting policies and accounting bases?
The difference between accounting and auditing?"
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 the importance of accounting theory?
Accounting theory is very important in helping people to understand the basis and policies in accounting. From understanding the rules of GAAP to exploring the origins of accounting, being a good accountant involves understanding the theories that support the practice.
Short note on accounting policies?
They are specific procedures used by a company to prepare its financial statements.
Why is consistency important in accounting?
In order to achieve comparability of the financial statement of an enterprises through time, the accounting policies are followed consistently from one period to another; a change in an accounting policy is made only in certain circumstances.
