They have sent me a letter matching my last name to a bogus non existent person saying something about all this big money to be made. They suckered 35 dollars out of me about 6 months ago under a different name but same location in Arizona with a post office number instead of street address, no phone number or way to reach them except by mail in which I never got a respond when I wanted my money refunded. So be forewarned anything coming out of Arizona, without a street address, or phone number, don't send them any money cause you will receive nothing for it, and it is about 100 percent unlikely you will get your money back. This is the best scam I have seen so far. Now if you are scammed out of 35 dollars, the scammer will be thanking you and saying sucker!
The purpose of Statements of Financial Accounting Concepts is to : A establish GAAP.
benefits and costs
There are eight accounting concepts: Business entity concept, cost concept, going concern concept, matching concept, objectivity concept, unit of measure concept, adequate disclosure concept, and accounting period concept
Accounting concepts and conventions are fundamental principles that guide the preparation and presentation of financial statements. Key concepts include the accrual concept (recognizing transactions when they occur), consistency (applying the same accounting methods over time), and prudence (reporting potential losses but not unrealized gains). Conventions like materiality (focusing on significant data) and the going concern assumption (assuming the business will continue operating) ensure accurate and reliable financial reporting, providing stakeholders with a true picture of a company's financial health.
The difference between strategic financial management and financial management lies in their focus and scope. Financial management primarily involves managing an organization's day-to-day finances, such as budgeting, accounting, and cash flow management. Strategic financial management, on the other hand, focuses on long-term financial planning aligned with the organization’s goals and objectives. It involves making decisions that not only improve current financial performance but also ensure the organization's future financial stability and growth. For expert insights on strategic management concepts, visit PMTrainingSchool .Com (PM training).
The purpose of Statements of Financial Accounting Concepts is to : A establish GAAP.
Uses of Financial Information System
explain using various example, how the major accounting concepts are used in preparing financial statement??
concepts of transactions analysis in detail
benefits and costs
HomeThis BlogAuthorAccounting BodiesSubscribeAccounting TermsRevision NotesQuestionsE-BooksFeaturedinternet advertisingMajor Accounting Concepts
Accounting concept are customs and tradition which are used as a guide for preparation of financial statements.
Financial accountants produce financial statements based on generally accepted accounting principles of a respective country. In particular cases financial statements must be prepared according to the International Financial Reporting Standards.Financial accounting serves the following purposes:producing general purpose financial statementsproducing information used by the management of a business entity for decision making, planning and performance evaluationProducing financial statements for meeting regulatory requirements.
There are eight accounting concepts: Business entity concept, cost concept, going concern concept, matching concept, objectivity concept, unit of measure concept, adequate disclosure concept, and accounting period concept
Finance is a necessity because money is used frequently in our culture. Individuals can learn how to be responsible by educating themselves on financial concepts and following its principles.
Accounting concepts and conventions are fundamental principles that guide the preparation and presentation of financial statements. Key concepts include the accrual concept (recognizing transactions when they occur), consistency (applying the same accounting methods over time), and prudence (reporting potential losses but not unrealized gains). Conventions like materiality (focusing on significant data) and the going concern assumption (assuming the business will continue operating) ensure accurate and reliable financial reporting, providing stakeholders with a true picture of a company's financial health.
Financial feasibility and credit score. If you can prove you can afford the financing according to current laws and regulations, you can secure a loan.