The setting of accounting standards and best practices is not political in nature. It is intended to ensure integrity and consistency throughout the profession.
Accounting is political in nature as final information from accounting reports has impact on the general public, whether it be a public or private company.
what are accounting standards nature
difine the nature and scope of management accounting?
types of nature of accounts
Numbers
Accounting is political in nature as final information from accounting reports has impact on the general public, whether it be a public or private company.
It is based on people's self interest therefore it is political
Accounting can be political in nature because it is sometimes manipulated to make a company seem to be performing better than it is. Accounting will in some cases aim to bring out the strengths of the company and hide its financial weaknesses.
what are accounting standards nature
The nature and purpose of accounting
private n public..
difine the nature and scope of management accounting?
types of nature of accounts
Numbers
nature of accounting theory is 2 type 1. is positive theory and 2.normative theory
They are set of accepted accounting standards and general rules.
What is management accounting ?Explain the nature and scope of management accounting management accounting is a part of accounting which is used for decision making lik in the organisation these decision makers prepare cash flow statement wich helps in forcasting the future profit of the organisation