Accounting - Accounting issues

Accounting issues

Accounting issues apply to:

* depreciation

* revenue/expense recognition (point of sale or point of cash transfer)

* stock valuation (lower of cost and net realisable value)

* historical cost and non-current asset valuation

These accounting issues take effect in terms of valuation, recording and
reporting. The issues may be considered in terms of criteria such as
control, planning, time, cost and simplicity.

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