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Why should accountants have an understanding of compound interest annuities and present value concepts?
Wiki User
∙ 12y ago
Accountants must have a working knowledge of compound interest, annuities, and present value concepts because of their application to numerous types of business events and transactions which require proper valuation and presentation. These concepts are applied in the following areas: (1) sinking funds, (2) installment contracts, (3) pensions, (4) long-term assets, (5) leases, (6) notes receivable and payable, (7) business combinations, and (8) amortization of premiums and discounts.
Wiki User
∙ 12y ago
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Accounting concept and convention?
Accounting concepts and conventions are a list of standard practices. These develop a framework for accounting and are used by accountants and students for learning.
Why is a knowledge of accounting concepts and terminology useful to anyone in a business activity?
to improve your knowledge and understanding of small business solutions
What two fundamental concepts are the main concerns of physics?
The study and understanding of matter and energy and their interactions.
What are advantages and disadvantages of accounting concepts and conventions?
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Which concept is organized by going from a broad level of concepts to narrower and narrowed concepts?
taxonomy
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models help the understanding of abstract concepts.
What does it mean to say that these concepts are the building blocks for a competitor analysis?
The concepts are the most fundamental points to understanding the competitor. It means the concepts are key to understanding the strengths and weaknesses of the competitor.
How can knowing the concepts of religion change ones understanding?
Knowledge = wisdom, knowledge and wisdom = understanding.
Accounting concept and convention?
Accounting concepts and conventions are a list of standard practices. These develop a framework for accounting and are used by accountants and students for learning.
What is PE key concepts?
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How can different economic concepts and theories contribute to a better understanding of development process?
yes
What has the author Kathy Richardson written?
Kathy Richardson has written: 'Developing number concepts using Unifix cubes' 'Understanding Geometry' 'Assessing Math Concepts'
How do you make your teacher feel guilty?
Tell your parents that your teacher has not been helping you with understanding concepts
Which of Piaget Theories is understanding the concepts of conservation problem solving and simple logic?
Piaget's theory of concrete operational stage is where children develop conservation skills, problem-solving abilities, and logical thinking. During this stage, typically between ages 7-11, children can understand the concept of conservation, which involves recognizing that quantity remains the same despite changes in appearance. This stage marks a crucial development in a child's cognitive abilities.
What are the concepts of History?
Mostly bunk. History is most usefully approached as a fact-based study of the past. Our concepts will invariably affect our perceptions of it, without conjuring up still more. Concepts are best left at the door: they're just concepts, and contribute nothing to our understanding.
What does math and science have in common?
Math is the language of science. Many science concepts are written not just with words, but with equations. Analysis of numerical data leads to equations and understanding of the concepts.
What are the concepts about scientific literacy?
Scientific literacy refers to the knowledge and understanding of scientific processes. These concepts are required for personal decision making, participation in civic and cultural affairs, and economic productivity.
