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how the value of information received by decision makerhow the value of information received by decision maker eventually begins to decline this is
state the benefits of accounting information benefits of accounting information ultimately decline cost of providing information though will rise
enumerate the characteristics of accounting informationqualities or characteristics which have just been depicted would help us to decide whether
determine the term- understandabilityaccounting reports must be expressed as clearly as possible and must be understood by those at whom the
what is comparability this quality would enable users to identify changes in the business over time for instance trend in sales revenue over the
state the term reliability- accounting information accounting must be free from significant error or bias it must be capable of being relied upon by
define the term relevance - accounting information accounting information should have the ability to influence decisions except this characteristic
what points is necessary to meet users requirementsto meet these users requirements it can be argued that accounting information must possess certain
explain the term - providing a serviceone way of viewing accounting is as a form of service accountants provide economic information to their clients
evidence on the usefulness of accountingthere are convincing evidence and arguments that accounting information is at least perceived as being useful
how useful is accounting informationno one would seriously claim that accounting information fully meets all of the needs of every various user
state the role of accounting informationaccounting information has a significant role to play in reporting the extent to which different groups have
the conflicting interests of userswe have seen above that every user group looks at a business from a different perspective and has its own
determine about the accounting informationnumerous user groups have an interest in accounting information relating to a business majority of these
what is accountingaccounting is concerned with analysing collecting as well as communicating financial information purpose is to help people who use
what type of transaction is a service revenue earned on account a asset source b asset use c asset exchange or d claims
acc2200 financial accounting assignment trimester 2 2013 due date monday 9th september 2013 value 15 of overall
cherry ltd has the following segment information from the consolidated financial statements for the years ended 31 december 2011 and
security service r38570 the annual security services contract has been taken out on 1 march 2012 the fee was increased by 10 from january 2013
qusing these data from the comparative balance sheet of junior company perform horizontal analysis
james bell plans to stay at the michaels motel for one month and he prepays his room charges bell arrives and begins his stay on january 21 to
which of the following procedures involves transferring amounts recorded in the general journal to ledger accountsanswer apreparing a trial
which of the following events would be recorded as an accounting eventanswer aa guest purchases a meal in a food outlet ba guest enters the
1what are the various fields of accounting and how do they differ2 how are revenues and expenses affect the owners equity account3 why are revenues
a you are working as the cfo of jeans co the company is currently seeking a new supplier for their goods there are two main suppliers of choice xyz