Most of the people do not know the rules of Debit and Credit. That is the main problem in accounting.
explain accounting policy involves politics?
Creative accounting accountants resolve problems. Creative accounting must still abide by the Generally Accepted Accounting Principles. Typically, experienced accountants utilize creative accounting.
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A computerized accounting system can have faults embedded into the software. These problems can lead to inaccurate calculations for the business.
The management accounting function eliminates top management. With top management out of the decision process, the company may not be aware of many problems.
explain accounting policy involves politics?
An advantage of inflation accounting, is that it can correct problems with inflation. The negative part about inflation accounting is that it is not fair value accounting.
W. Rogers Hammond has written: 'Accounting machines' -- subject(s): Calculators 'How to solve accounting problems' -- subject(s): Accounting, Problems, exercises
Charles Forest Rittenhouse has written: 'New modern illustrative bookkeeping' -- subject(s): Bookkeeping 'Accounting theory and practice' -- subject(s): Accounting 'Advanced accounting problems' -- subject(s): Accounting, Problems, exercises
Creative accounting accountants resolve problems. Creative accounting must still abide by the Generally Accepted Accounting Principles. Typically, experienced accountants utilize creative accounting.
The problems associated with management accounting vary greatly, but the more commonly known problems within it would be the cost involved, the constrains or strict guidelines involved, and the inaccuracy that results from it.
The importance of Mathematics in accounting is that different accounting activities require the use of Mathematical principles. Mathematics will therefore help accountants to effectively solve various accounting problems easily.
Richard G. Schroeder has written: 'Survey of accounting' -- subject(s): Accounting 'Financial accounting theory and analysis' -- subject(s): Accounting, Problems, exercises
answer in chapter 9 in advanced accounting 1 by guerrero
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It is software that you can use to help with accounting problems and you can get it for free. There are probably many, many options out there which you can get.
H. A. Finney has written: 'Principles of accounting' -- subject(s): Accounting, Problems, exercises