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What is nature meaning and elements of accounting theory?
Accounting Theory is defined as the study of methodologies and financial accounting principles. The Accounting Theory is continuously-evolving and changing.
What is the meaning of bookkeper?
A bookkeeper is responsible for keeping track of a company's financial transactions by recording them in ledgers or accounting software. They ensure that all financial records are accurate and up-to-date for reporting and decision-making purposes.
What is the meaning of fund accounting with reference to Mutual Funds?
It is the process of reviewing the net financial assets of a mutual fund company.
The 4 phases of accounting and their meaning?
four phases of accounting and their meaning
The meaning of accounting standards?
Accounting as a "language of business" communication the financial results of an enterprise to various interested parties by means of financial statmetns which have to exhinit a "true and fair" view of its state of affairs. Accounting standards which seek to sugest rules and criteria of accounitng measurements, have to keep the set of rules, social needs, legal requirments and technological developmetns in view. Formulation of proper accounting standards, therefore is a vital step in developing accounting as a business lanuguage.
What are the different type of ledgers in accounting and its meaning?
what are different types of accounting what are different types of accounting
What are the 4 phases accounting and meaning?
There are 4 phases of accounting as follows:RecordingClassifyingSummarizingInterpration
What is the meaning of statutory and regulatory framework for financial accounting?
Statutory means it is required by Law. Regulatory means it is required my regulatory bodies such as the FSA in Great Britain and Northern Ireland.
What is substance over form in accounting terms?
is a principal of accounting meaning means fully covered accounting satatements.
What is the meaning of accounting education?
Accounting education is the what you learn about accounting. You can either go to school or learn the information at your job.
What is the meaning of FF and E in building construction?
Furniture, Fixtures, and Equipment.
How a change in accounting principle will be reported in the financial statement?
A change in accounting principle is typically reported in the financial statements retrospectively, meaning that prior periods are adjusted as if the new principle had always been in effect. The cumulative effect of the change is usually reflected in the retained earnings at the beginning of the earliest period presented. Additionally, the financial statements should disclose the nature of the change, the reason for it, and its impact on the financial statements. This ensures transparency and helps users understand the effects of the change on the company’s financial position and results.
