Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Q. Explain about Predictive value and feedback value?
Several suggest using a different valuation basis such as current cost in reporting such assets. Predictive value and feedback value Since actions taken now are able to affect only future events information is clearly relevant when it possesses predictive value or improves users' abilities to predict outcomes of events. Information that reveals the relative accomplishment of users in predicting outcomes possesses feedback value. Feedback reports on past activities and is able to make a difference in decision making by (a) reducing uncertainty in a situation (b) refuting or confirming prior expectations and (c) providing a basis for further predictions. For instance a report on the first quarter's earnings of a company reduces the uncertainty surrounding the amount of such earnings refutes or confirms the predicted amount of such earnings as well as provides a possible basis on which to predict earnings for the full year. Remember that even though accounting information may possess predictive value it doesn't consist of predictions. Making predictions is a function performed by the decision maker.
The comparative statements of Lucille Company are presented here. LUCILLE COMPANY Income Statements For the Years Ended December 31 First number are 2012 2012 then 2011
which career to look into when doing those subjects?
Q. Example on gross margin method? To demonstrate the gross margin method of computing inventory assumes that for several Years Field Company has maintained a 30 per cent gross
Scanlon Technologies, Inc. Anne Scanlon founded Scanlon Technologies, Inc., in 1993. The company designed andmanufactured high-tech products that were used in various industrie
GDYJ-503 is developed according to the national standard GB-86 Insulating Oil Dielectric Strength Testing Method .The tester can test three cups of oil at the similar time. LCD scr
What is Time orientation Financial accounting reports reflect position and performance of business for the past period. Essentially, they are backward looking. Management accou
#What kinds of risks does a firm like Amazon.com face with respect to safeguarding its assets? What types of controls do you think it already has in place to minimize these risks?
Management accountants may or mayn't be CPAs. If a management accountant passes an examination prepared and graded by the Institute of Certified Management Accountants (ICMA) and m
Part 1 (a) Name and describe the three concepts that form the basis of double entry bookkeeping, and explain how they form the basis of double entry bookkeeping. (b) How doe
What are the implications of applying accounting concepts wrongly?
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd