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What is meant by consistency when discussing financial accounting information?
Basic accounting concept that once an accounting method is adopted, it should be followed consistently from one accounting period to the next. If, for any reason, the accounting method is changed, a full disclosure of the change and an explanation of its effects on the items of the financial statements must be given in the accompanying notes (footnotes). One of the duties of an auditor is to make sure the consistency principle is being followed because, otherwise, any change might make interpretation of the financial data a futile exercise. Also called consistency concept. See also accounting concepts.
What is meant by auditing?
auditing is a review process,usually of accounting procedures
What is meant by reinbursed in accounting?
Reimbursment means to incur expenses on company behalf and then get back the incurred expenses from company.
What is meant by completeness in Accounting?
Completeness means that all the information that is needed to faithfully represent economic reality must be included.
What is meant by the Accounting Period Concept?
When accountants prepare financial statements, they assume that the life of the business can be divided into time periods. This is called the accounting period concept. Using this concept, accountants must determine in which period to report the revenues and expenses of the business.
What are mean and variance of negative binomial distribution by conclusion?
what is meant by a negative binomial distribution what is meant by a negative binomial distribution
What is meant by phrase distribution of wealth?
it is the distribution of money and wealth
What is meant by accounting?
Accounting is the way that business keep up with the money that comes in and goes out of their business.
What is meant by economic consequences in accounting standard-setting?
What is the Economic consequence of accounting standard-setting
What meant by accounting?
Accounting is the way that business keep up with the money that comes in and goes out of their business.
What is meant by harmonisation under accounting perspective?
perspective
What is meant by consistency when discussing financial accounting information?
Basic accounting concept that once an accounting method is adopted, it should be followed consistently from one accounting period to the next. If, for any reason, the accounting method is changed, a full disclosure of the change and an explanation of its effects on the items of the financial statements must be given in the accompanying notes (footnotes). One of the duties of an auditor is to make sure the consistency principle is being followed because, otherwise, any change might make interpretation of the financial data a futile exercise. Also called consistency concept. See also accounting concepts.
What is meant by distribution in a network design?
kumaresan
What s meant by income inequality.distinguish between personal and functional distribution of income.?
What is meant by income inequality? Distinguish between personal and functional distribution of income.
What is meant by free accounting software?
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.
What is meant by public accounting?
Public Accounting: Best known for providing audits, CPAs who work in public accounting review company financial records for accuracy and accountability.
What is meant by auditing?
auditing is a review process,usually of accounting procedures
