Question
Explain the difference between a rules-based and principles-based approach to accounting standard setting. Which model do you think helps to better present financial position, results
Explain the difference between a rules-based and principles-based approach to accounting standard setting. Which model do you think helps to better present financial position, results of operations, and changes in cash flows? Why?
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Step: 1
Rulesbased accounting is basically a list of detailed rules that must be followed when preparing financial statements Many accountants favour the pros...
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Systems analysis and design
Authors: Alan Dennis, Barbara Haley Wixom, Roberta m. Roth
5th edition
978-1118057629, 1118057627, 978-111880817
