Accounting Theory and Practice |
Contents
A THEORETICAL FRAMEWORK | 1 |
Accounting as an Information System | 10 |
The Foundations of Accounting Theory | 25 |
Copyright | |
21 other sections not shown
Common terms and phrases
31st Dec absorption costing accounting information accounting period accounting system accounting theory acquisition activities adjustments allocation analysis Balance Sheet budget calculated cash-flow chapter closing inventory concept Consolidated contribution margin convention convention of conservatism cost centres creditors current assets current liabilities debtors debts decision-making decisions depreciation dividend double-entry book-keeping economic effect ended 31st December example expenses factors factory overhead financial accounting financial reporting firm firm's fixed assets fixed costs flows follows forecasts goals Group Hence historical cost important Income Statement information system investment investors issued liabilities measurement ment method needs objectives operations Ordinary shares organization organizational output overhead costs problem profit purchase purpose ratio recorded relevant replacement cost result revenues selling share capital Share premium account shareholders standard costs subsidiary tion transactions Trial Balance unit users valuation variable costs variance