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One of the basic principles in accounting is "The Measuring Unit principle": The unit of measure in accounting shall be the base money unit of the most relevant currency. This principle also assumes the unit of measure is stable; that is, changes in its general purchasing power are not considered sufficiently important to require adjustments to ...
Gregory Hill (May 21, 1941 – July 20, 2000), [1] better known by the pen name Malaclypse the Younger, was an American author. He is listed as author of the Principia Discordia, which was written with Kerry Wendell Thornley (a.k.a. Lord Omar Khayyam Ravenhurst) and others. [2] [3] He was also adapted as a character in The Illuminatus!
It was written by Greg Hill (Malaclypse the Younger) with Kerry Wendell Thornley (Lord Omar Khayyam Ravenhurst) and others. [1] [2] The first edition was printed using Jim Garrison's Xerox printer in 1963. [3] The second edition was published under the title Principia Discordia or How The West Was Lost in a limited edition of five copies in ...
The philosophy of accounting is the conceptual framework for the professional preparation and auditing of financial statements and accounts.The issues which arise include the difficulty of establishing a true and fair value of an enterprise and its assets; the moral basis of disclosure and discretion; the standards and laws required to satisfy the political needs of investors, employees and ...
The following outline is provided as an overview of and topical guide to accounting: . Accounting – measurement, statement or provision of assurance about financial information primarily used by managers, investors, tax authorities and other decision makers to make resource allocation decisions within companies, organizations, and public agencies.
Accounting, also known as accountancy, is the process of recording and processing information about economic entities, such as businesses and corporations. [1] [2] Accounting measures the results of an organization's economic activities and conveys this information to a variety of stakeholders, including investors, creditors, management, and regulators. [3]
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The accounting equation plays a significant role as the foundation of the double-entry bookkeeping system. The primary aim of the double-entry system is to keep track of debits and credits and ensure that the sum of these always matches up to the company assets, a calculation carried out by the accounting equation.
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