Accounting Principles: Top 9 Accounting Concepts & Conventions
Here we detail discuss about the accounting concepts and accounting conventions. In which we discuss 9 points of accounting concepts and 4 points of accounting conventions.
Author: Study Notes Expert
Nature of Accounting Principles
Accounting rests on a small set of fundamental assumptions and principles. These fundamentals are referred to as the ‘Generally Accepted Accounting Principles (GAAP). Understanding the principles gives context and makes accounting practices easier to implement. The underlying objective of ‘Accounting Statements’ is the true, fair, and authentic reflection of the business operations and its results….
Top 3 Branches of Financial Accounting
Here, We discuss about the branches of accounting such as : financial accounting, management accounting, cost accounting.
Advantages | Disadvantages 7 Function of Financial Accounting
Here we discuss about the 7 function of financial accounting. advantage and disadvantage of financial accounting.
Extraordinary 2 Users of Accounting Information
In this article, we will discuss the user of accounting information. Firstly, we are going to discuss the internal user of accounting system. But, the external user is also very important and plays an important role in accounting information systems. For gaining better knowledge, you need to read the full article. I. Internal Users 1….
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Accounting Information System: 6 Component and Disciplines
In this article we discuss about the meaning, components, posotion of AIS in organisation, AIS and Related Disciplines
Types of Elasticity of Demand | 5 Degrees | Measurement | Factors
The relative responsiveness of a supply or a demand curve in respect to price is referred as elasticity. If the curve is more elastic then it means the more quantity will be changed in respect to price change.
Detailed Indifference Curve Approach & Indifference Map
The representation of different combinations of two goods on a curve is done by indifference curve that provides a consumer equal level of satisfaction. Between these curves the consumer is indifferent as he gets equal satisfaction from all the combinations.
Detailed Discussion on Demand Forecasting and its Needs
Forecasting is a technique that facilitates the process of planning and enabling efficient decision-making. By this estimates, projections are made for the future. Combining the aspect of forecasting with demand, it serves with the future projections regarding the quantity demanded in precise. Certain questions like which product will be in demand
Demand Function
An algebraic expression which shows the relationship between demand for a commodity and its various determinants that affect this quantity is known as demand function.