0
Which kind of operating policy decision can we take by using Cost Accounting Method?
Wiki User
∙ 6y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What is an example of an inventory accounting policy that should be disclosed in a summary of significant accounting policies is what?
Method used for inventory pricing.
What problems arise in setting accounting standards?
explain accounting policy involves politics?
What type of accounting disclosure is required if consistency concept is not applied?
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.
What are the benefits of an accounting policy manual?
Accounting policy manual makes sure that all business transactions are recorded in same way and all related transactions are provided in same code of account and accuracy of transactions is also assured.
What accounting concepts principles is most significant in the development of a capitalization policy?
units of measure
What is an example of an inventory accounting policy that should be disclosed in a summary of significant accounting policies is what?
Method used for inventory pricing.
What problems arise in setting accounting standards?
explain accounting policy involves politics?
What is the difference between a policy and a decision?
A policy is a general attitude, where as a decision is on the basis of a particular issue. -------------------- Yes for instance you could decide not to follow the policy.
How you can combine liability structure and current assets decision?
The level of current assets and method of financing those assets are interdependent.A conservative policy of "high" level of current assets allows a more aggressive method of financing current assets.A conservation method of financing ( all- equity) allows an aggressive policy of "low" levels of current assets.
What type of accounting disclosure is required if consistency concept is not applied?
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.
What type of accounting disclosure is required if consistency is not apply?
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.
Is a non decision is a one type of government policy decision?
yes
Accounting Standards: Accounting standard are the policy documents. They will be issued by recognised Accounting bodies. They relate to various aspects of measurement, treatment and disclosure of accounting transactions. The purpose of measurement?
gghj
What are some examples of science policy?
A decision to launch an x-ray telescope is an example of policy. Similarly the decision to have a computer for each child.
What is the relationship between a policy and a decision?
A policy is more general. It is a guide line that you go by all the time. A decision would apply to a specific case.
The decision to raise taxes is an example of what?
public policy
Which action is a domestic policy decision?
the presidents order
