Assist companies entering the Norwegian market
The problem with the diversification of accounting by multinational companies is that this will lead to many companies not being able to find ways of appropriating the inflation rate as most will be using different methods.
explain accounting policy involves politics?
limits the different and diversity between the financial statements of entities.
Most of the people do not know the rules of Debit and Credit. That is the main problem in accounting.
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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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.
limits the different and diversity between the financial statements of entities.
W. Rogers Hammond has written: 'Accounting machines' -- subject(s): Calculators 'How to solve accounting problems' -- subject(s): Accounting, Problems, exercises
Most of the people do not know the rules of Debit and Credit. That is the main problem in accounting.
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.
Cultural diversity can lead to social problems when there is prejudice, discrimination, or lack of understanding between different cultural groups. This can manifest in tensions, conflicts, or unequal treatment of certain groups within a society. It is essential to promote cultural awareness, respect, and inclusion to address these challenges.
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