production concept marketing concept selling concept product concept
there is no concept!
there is no concept!
selling concept is a traditional concept of marketing. In traditional concept emphasis was on only selling the products.
No it is a production concept as of October 2011
what are the factors affecting the assessment of materiality
Any omission, misstatement or non disclosure of information that can adversely affect users decision or discharge management from its accountability.
The question of materiality arose from an interview with CAL EPA . The question asked for a definition of materiality and substantial.
materiality- financial reporting is concerned only with information that is significant to affect valuations and decisions.
according to this concept accounts show transactions involving material sums.for example :a large business buys a computer for use in the business but treats it as an expense because for the business the sum spend on the computer, the sum is negligible.
impression it makes.
Materiality and cost
materiality.
There are 12 key accounting concepts. These concepts are, money - management, going concern, entity, dual aspect, cost, realization, time period, objectivity, conservatism, materiality, matching, and consistency.
Materiality is typically determined by assessing whether information has the potential to significantly impact the decisions of users of financial statements. Factors considered include the nature and size of the item, its potential impact on financial statements, and its relevance to users. Materiality thresholds are often established based on quantitative benchmarks or professional judgment.
Kepler
accounting income is the financial figure that we get after deduction of all business expenses from sales.while making these deductions we follow some accounting assumptions.e.g matching concept, going concern assumption, materiality concept, etc. cash flow is the mechanism by which we see net cash generated or absorbed in business from different activities.