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What problems arise in setting accounting standards?
explain accounting policy involves politics?
What accounting issues arise for a company as a result of engaging in international trade?
answer
What A correction in the amount of net income reported in earlier accounting periods?
A correction in the amount of net income reported in earlier accounting periods refers to adjustments made to previously reported financial statements to rectify errors or inaccuracies. These corrections can arise from mistakes in accounting estimates, misapplications of accounting principles, or omissions of important information. When such corrections are identified, they are typically reflected in the current period's financial statements, often as a prior period adjustment, impacting retained earnings and providing transparency to stakeholders.
What do you mean by deferred taxes?
A deffered tax is is used in accounting to reduce a periods income tax.Ê It can arise dueÊto a net loss which can only then be recorded as an assest if the asssest will be used in teh future.
Are deferred tax is fixed asset?
Deferred tax is not considered a fixed asset. Instead, it represents a tax obligation or benefit that arises due to temporary differences between the accounting treatment of certain items and their treatment for tax purposes. Deferred tax assets can arise from situations like tax losses carried forward, while deferred tax liabilities arise when income is recognized for accounting purposes before it is recognized for tax purposes. Thus, they are classified under non-current assets or liabilities on the balance sheet but do not fit the definition of fixed assets.
What problems arise in setting accounting standards?
explain accounting policy involves politics?
Differentiate between accounting and accounting convention?
Accounting means the systematic recording,reporting and analysis of financial transactions of a business.While accounting convention means legally-binding practice; rather, it is a generally-accepted convention based on customs, and is designed to help accountants overcome practical problems that arise out of the preparation of financial statements.
What accounting issues arise for a company as a result of engaging in international trade?
answer
What are the problems that arise due to amalgamation of firms?
problems relating to amalgamation
Is it true If there is not order problems will arise?
true
What were some problems that might have or did arise?
MaCokBurn
Is it correct to say when an accounting position arise?
No, the subjunctive is not required because "when" does not introduce a contrary-to-fact condition.
What types of problems arise when supervising an office facility and how would you deal with them?
What types of problems arise supervising an office facility and how would you deal with them. Can you give me some ideas as to what to write ??
If a partnership is set up and operated without a formal partnership agreement problems such as the following may arise?
Partnerships should always be set up using a contract that is signed by both parties. Many problems may arise without this being done. To know which of the following problems may arise a person will need to know what the following problems are.
What are the types of problems that arise when supervising an office facility?
One of the most prevalent problems that arise when supervising an office facility is the personal problems of the employees. Learning on how to properly manage staff and assist them in resolving problems that prevent them from being productive is a learned skill.
What problems could arise for humans due to the preservation of rainforests?
I
What is an effective to solving problems once they arise?
Conflict resolution
