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Why are ethics crucial to accounting?
Accounting aims to provide useful information for decision-making. For information to be useful, it must be trusted. Trustworthiness of information demands ethics in accounting.
What does the term Administrative Distance refer to?
A measure of the trustworthiness of a routing information source
Explan the term accounting cycle why is it called cycle?
accounting is the systematic representation
Who coined the term management accounting?
The term "management accounting" was popularized by the American Accounting Association (AAA) in the 1950s, although its roots can be traced back to earlier practices in accounting and business management. The AAA sought to distinguish management accounting from financial accounting, emphasizing its role in internal decision-making and operational efficiency. While no single individual is credited with coining the term, the association's efforts helped define and formalize the concept within the field of accounting.
What type of services does the company Trust Accounting offer?
The company Trust Accounting does not exist. Trust accounting is a term describing a certain type of accounting. There is special software that will aid in the trust accounting process.
What do you understand of the term generally accepted accounting principles?
acceptable in layman term
How do you use the word trustworthiness in a sentence?
A politician's trustworthiness is always in question.
Is this a correct accounting term - Cut an invoice?
yes
What do current liabilities mean in accounting?
Current Liabilities in accounting are amounts that are owed by a business. The two types of current liabilities are short-term and long-term liabilities.
What concept is the most basic concept to accounting?
idea is more basic to accounting than the accounting unit or entity, a term used to identify the organization for which the accounting service is to be provided and whose accounting or other information is to be analyzed, accumulated, and reported.
What does the accounting term MPV mean?
Material Pricing Variance
What does the term capital assets mean in accounting?
In accounting the term capital assets refers to an asset that is usually held for the purpose of contributing to earnings for a business over a long period of time.
