Modification de conventions
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Modification de conventions

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  • Notes d'étude
  • Révisions du sujet
    Kangira J.
    UG
    Kangira J.

    What are the modifying conventions?

    Maundrey Wilton K.
    ZA
    Maundrey Wilton K.

    Very interesting... Materiality is a modifying convention that actually makes it much easier for Accountants to record small and unimportant items. It's very useful.

    Harrison D.
    NG
    Harrison D.

    Modufying account conventions are Guidelines that arise from the practical application of accounting principles. An accounting convention is not a legally-binding practice; rather, it is a generally-accepted convention based on customs, and is designed to help accountants overcome practical problems that arise out of the preparation of financial statements. As customs change, so to will accounting conventions.

    Sarah G.
    US
    Sarah G.

    This is used for miniscule items that do not impact the process

    Rose R.
    PG
    Rose R.

    Accounting records, certain rules or principles have been developed which are generally accepted by the accounting profession. These rules are called by different names such as principles, concepts, conventions, postulates, assumptions and modifying ,principles

    Ibrahim J.
    GH
    Ibrahim J.

    what are the modifying convention?

    Ibrahim J.
    GH
    Ibrahim J.

    what is conservatism?

    Kabiru A.
    NG
    Kabiru A.

    When the Accounting recorded my alter as error so means Accounting amend or to convey certain information in to compact recorded

    Tosin D.
    NG
    Tosin D.

    accounting conventions are guidelines applicable generally based on customs and it is not legally binding so if the custom changes the convention might also change

    Tosin D.
    NG
    Tosin D.

    can the use of the convention be used judiciously by a small business that does not have to report to anyone

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