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Uses of ifrs?
International Financial Reporting Standards (IFRS) are new standards and Interpretation about accounting applied in several countries. IFRS are issued by IASB For more info I suggest you to visit related links
How interest on drawings is calculated in partnership firms?
In partnership firms, interest on drawings is typically calculated based on the amount withdrawn by each partner from the partnership's capital. The interest rate is usually agreed upon in the partnership agreement and is applied to the average monthly balance of the drawings over the accounting period. The total interest amount is then deducted from the partner's share of profits or charged against their capital account. This practice helps ensure fairness among partners regarding the use of partnership funds.
What is reverse order of maturity?
Reverse order of maturity refers to a situation where less mature or less developed entities are prioritized over more mature ones. This concept can be applied in various contexts, such as business, technology, or personal development, where newer or less established options are favored for innovation or flexibility reasons. It contrasts with traditional approaches that typically emphasize the prioritization of established entities or practices. In practice, it can lead to fresh perspectives and opportunities, but it may also introduce risks if foundational aspects are overlooked.
Have you ever applied to be bonded?
Yes, i have applied to be bonded.
What are the different approaches which can be applied in decision making?
What are the different approaches which can be applied in each condition?
Explain Managerial economics is economics applied in decision making?
Explain Managerial economics is economics applied in decision making?
How does managerial economics bridge the gap between theory and business practices?
"Business economics integrates economic theory with business practice" Business economics is a special branch of economics that bridges gap between abstract theory and business practice. It deals with use of economic concepts and principles for decision making in a business unit. Hence, it is also called as Managerial Economics or Economics of the firm. Managerial economics is economics applied in the business decision making. Hence, it is also called Applied Economics. In simple words, business economics is the discipline which helps a business manager in decision making for achieving the desired results. In other words, it deals with the application of economic theory to business management.
What is flexibility of a material measured in?
The flexibility of a material is known as pliability. The opposite of this is stiffness, or the resistance to outside applied forces.
Which is more valuable--an associate's degree in accounting or an associate's degree in finance?
What license applied for associate degree of accounting?
define managerial economics?
Managerial economics is an applied field of economics that focuses on the use of economic analysis and techniques to solve business decisions. It combines economic theory with managerial practice and focuses on the microeconomic aspects of an organization, such as demand analysis and pricing, production costs, and investment decisions. Managerial economics applies microeconomic analysis to specific decisions in order to optimize outcomes and maximize profits. It also considers the macroeconomic environment in which a business operates, such as global economic trends and government regulations. Managerial economics provides a framework for understanding how businesses interact with their environment and make decisions that will impact their long-term success.
What is construction accounting?
Construction accounting is simply methods of accounting and finance applied the construction industry. Lots of factors have to be taken into account including labor costs, supplies, equipment etc.
Oxford brookes BSC in applied accounting is equivalent to US bachelors?
yes it is
What is accounting ethics?
Accounting ethics is primarily a field of applied ethics, the study of moral values and judgments as they apply to accountancy. It is an example of professional ethics.
Why managerial economics known as applied micro economics?
Managerial economics is known as applied microeconomics because it utilizes microeconomic theories and principles to solve practical business problems. It focuses on the decision-making processes of firms and individuals, analyzing how they allocate resources efficiently under constraints. By applying microeconomic concepts such as demand, production, and cost analysis, managerial economics helps managers make informed decisions that enhance organizational performance and profitability.
What type of accounting disclosure is required if consistency concept is not applied?
In accounting the consistency concept means that when a method of accounting is adopted it must be used consistently in the future. If the policy for accounting is changed in any way the nature of the change, the effects the change has on items in the financial statement and the reason for making the change must be fully disclosed by the business. If the consistency concept is not applied then disclosure of changes are made at the discretion of the business.
What type of accounting disclosure is required if the concept of consistency is not applied in the analysis of financial statement?
check your answer
Principle applied when you gradually make each flexibility exercise more difficult?
This is called the Principle of Overload.
