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How legislation and accounting concepts affect an organization accounting policies?

Describe how the legislation and accounting concepts affect an organisation's accounting policiesReporting methods, measurement systems, and disclosures used by a specific company. The accountant should evaluate the appropriateness of accounting policies employed by management. A description of the company's accounting policies should be presented in a separate section preceding the footnotes to the financial statements or as the first footnote. Disclosure of accounting policies should include Accounting Principles and methods of application that involve: (1) a selection from generally accepted alternatives; (2) those peculiar to the industry or field of endeavor; and (3) unusual or different applications of Generally Accepted Accounting Principles (GAAP). Examples of disclosures are basis of Consolidation, depreciation methods, and inventory pricing. Disclosure of accounting policies assists financial readers in better interpreting a company's financial statements. Thus it results in fair presentation of the financial statements.


What are the methods of Accounting for Branch?

branch accounting income statement


What is the difference between 'Normative Accounting Theory' and 'Positive Accounting Theory'?

Normative theory is used to advise what methods should be used for accounting. Positive accounting theory explains and predicts accounting as it is currently happening.


Mechanical methods of time keeping in cost accounting?

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What are the methods of tax planning?

Tax planning methods for small business include accounting methods and validation methods. Other methods include the accrual method and inventory valuation methods.

Related Questions

How the legislation and accounting concepts affect an organization's accounting policies?

Reporting methods, measurement systems, and disclosures used by a specific company. The accountant should evaluate the appropriateness of accounting policies employed by management. A description of the company's accounting policies should be presented in a separate section preceding the footnotes to the financial statements or as the first footnote. Disclosure of accounting policies should include Accounting Principles and methods of application that involve: (1) a selection from generally accepted alternatives; (2) those peculiar to the industry or field of endeavor; and (3) unusual or different applications of Generally Accepted Accounting Principles (GAAP). Examples of disclosures are basis of Consolidation, depreciation methods, and inventory pricing. Disclosure of accounting policies assists financial readers in better interpreting a company's financial statements. Thus it results in fair presentation of the financial statements.


How legislation and accounting concepts affect an organization accounting policies?

Describe how the legislation and accounting concepts affect an organisation's accounting policiesReporting methods, measurement systems, and disclosures used by a specific company. The accountant should evaluate the appropriateness of accounting policies employed by management. A description of the company's accounting policies should be presented in a separate section preceding the footnotes to the financial statements or as the first footnote. Disclosure of accounting policies should include Accounting Principles and methods of application that involve: (1) a selection from generally accepted alternatives; (2) those peculiar to the industry or field of endeavor; and (3) unusual or different applications of Generally Accepted Accounting Principles (GAAP). Examples of disclosures are basis of Consolidation, depreciation methods, and inventory pricing. Disclosure of accounting policies assists financial readers in better interpreting a company's financial statements. Thus it results in fair presentation of the financial statements.


What are the methods of Accounting for Branch?

branch accounting income statement


What are the methods for accounting inflation?

Discuss the various methods of inflation accounting.


Methods of data collection in accounting?

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What has the author Myron F Weiner written?

Myron F. Weiner has written: 'Practical psychotherapy' -- subject(s): Psychotherapy 'Therapist disclosure' -- subject(s): Group psychotherapy, Methods, Psychotherapist and patient, Psychotherapy, Self Disclosure, Self-disclosure 'Techniques of group psychotherapy' -- subject(s): Group psychotherapy, Methods


What is fresh start accounting?

Fresh Start Accounting is an accounting method used by business entities that are emerging from bankruptcy. The method is governed by the Federal Accounting Methods Board.


When did the FTC gain control over prescribing corporate accounting methods?

The 1933 act conferred upon the FTC the authority to prescribe the accounting methods for companies to follow.


Mechanical methods of time keeping in cost accounting?

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What are the methods of branch account?

branch accounting income statement


What are the methods of tax planning?

Tax planning methods for small business include accounting methods and validation methods. Other methods include the accrual method and inventory valuation methods.


What is the difference between 'Normative Accounting Theory' and 'Positive Accounting Theory'?

Normative theory is used to advise what methods should be used for accounting. Positive accounting theory explains and predicts accounting as it is currently happening.