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Accounting or engineering?

engineering. do engineering. you will be guaranteed a $20/hr job after graduation. one who holds an engineering degree can do any business related job, just not accounting. accounting on the other hand can do any business job, but not engineering. also not to mention, accounting is very very boring work. what's your pick? I'm doing civil. good luck


What accounting concept is valuation of promise to receive cash in the future at present cost?

The accounting concept that relates to the valuation of a promise to receive cash in the future at present cost is known as the "time value of money." This principle holds that a specific amount of money today is worth more than the same amount in the future due to its potential earning capacity. In accounting, this concept is applied through techniques like present value calculations, where future cash flows are discounted back to their present value using an appropriate discount rate. This approach helps in accurately assessing the worth of financial instruments and obligations.


What are the criticisms or limitations of accounting concepts?

It begins with what type of accounting is considered : financial or managerial. since your talking about criticisms ill assume its financial accounting and fraudulent activity First of All it depends on the accounting standards that are being followed: on the one hand, the GAAP is more standardized but as a result reports can be manipulated to conform to the standards without fulfilling the original intent for which the standards where put in place. on the second hand, the IFRS is very broad and concept based which holds accountants responsible for accurate data estimations without getting lost in bureaucracy, however the vague nature of IFRS requires stringent enforcement of laws and procedures as well as the desired intent from managers and accountants. Given that accounting information is supposed to be concerned with providing accurate information that can be USED by investors to make informed decisions regarding the company, we can see that both methods still fall short of that optimal objective.


What is commander theory in accounting?

Commander theory in accounting holds that the guiding principles of accounting practice in an organization and resultant financial reporting are principles of command and control. It tries to connote that accounting systems and practices are designed to help management control organizational activities, ensure adherence to policies, and provide high-quality information upon which decisions will be based. In essence, commander theory deals with the role that accounting plays as a tool for managerial oversight and strategic planning. It would suggest that accounting practices should be organized in a way to supports the command structure of the organization, developing the ability of management to better oversee the operations and financial performance of the business.


Why both side equal of balance sheet?

Both sides of the Balance Sheet equal thanks to double entry accounting. For every debit there is a corresponding credit and vice versa. therefore when you take the balances of all the accounts into a Trial balance they have to balance. A Balance Sheet is derived from the TB so the same holds true.

Related Questions

What is the equation that compare tablespoon to teaspoons?

It's not really an equation. It is simply that 1 tablespoon is equal to 3 teaspoons. A teaspoon holds 5 ml of water, a tbsp holds 15.


Who holds the discuss throw record?

Gabriele Reinsch of East Germany set the current discuss throwing world record of 251 ft. 11.6 in. in 1988.


What is the different between equation and inequality?

An equation is a mathematical that asserts theequality of two expressions. An inequality is a relation that holds between two values when they are different.


What is an equation on how many teaspoons are in a tablespoon?

It is a simple calculation. Each tablespoon holds 3 teaspoons.


Give a word institutional in a sentence?

The company also holds meetings with its major institutional shareholders to discuss the company's operations.


Accounting or engineering?

engineering. do engineering. you will be guaranteed a $20/hr job after graduation. one who holds an engineering degree can do any business related job, just not accounting. accounting on the other hand can do any business job, but not engineering. also not to mention, accounting is very very boring work. what's your pick? I'm doing civil. good luck


The Multiplication Property of Equality holds true only if the same number is multiplied to both sides of an equation?

Yes.


Where can I find the most affordable and dependable accounting assignment help?

Embarking on a journey in the world of accounting can be both exciting and daunting. While the subject holds immense potential for a rewarding career, the complexities of accounting assignments can often leave students feeling overwhelmed. However, fret not! The key to mastering accounting lies in seeking the right support, and that's where Accounting Assignment Help comes to the rescue. This blog post will delve into the crucial role of Accounting Assignment Help services and how they can be a lifeline for students striving to excel in their studies.


Ethics have no place in business - discuss this statement?

As the only motive in business that holds any weight is the profit motive, ethical discussion in business holds no weight to those involved. Ethics must be applied to business, as self-regulation is impossible.


A round tank holds 10000 gallons of water and has a diameter of 37.4 inches how long is the tank and What is the proper equation?

Jacob Rules


What is A number that makes a equation true?

The solution set is the answers that make an equation true. So I would call it the solution.


Why the equation 7x plus 3 equals 7x plus 3?

Why not? The statement is trivially true, meaning it holds for all values of x.