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For example, it is difficult to agree to whether concepts like God, the number three, and goodness are real, abstract, or both. An approach to resolving such difficulty is to use predicates as a general term for whether things are variously real, abstract, concrete, or of a particular property (e.g., good ).
Examples of nonauthoritative accounting guidance and literature include the following: [4] Practices that are widely recognized and prevalent either generally or in the industry; FASB Concepts Statements; American Institute of Certified Public Accountants (AICPA) Issues Papers
Barry Clarke suggested that, in order to determine whether a particular dispute was a consequence of true polysemy or inadvertent homonymy, one should seek to "locate the source of the dispute"; and in doing so, one might find that the source was "within the concept itself", or "[within] some underlying non-conceptual disagreement between the contestants".
Generally Accepted Accounting Principles (GAAP) is the standard framework of guidelines for financial accounting used in any given jurisdiction. It includes the standards, conventions and rules that accountants follow in recording and summarizing and in the preparation of financial statements.
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 ...
While within concrete concepts there is still a level of abstractness, concrete and abstract concepts can be seen on a scale. Some ideas like chair and dog are more cut and dry in their perceptions but concepts like cold and fantasy can be seen in a more obscure way. Examples of abstract concept learning are topics like religion and ethics.
Financial modeling is the task of building an abstract representation (a model) of a real world financial situation. [1] This is a mathematical model designed to represent (a simplified version of) the performance of a financial asset or portfolio of a business, project, or any other investment.
[A] The abstract concepts can range "from numbers, to emotions, and from social roles, to mental states ..". [ A ] These abstract concepts are themselves grounded in multiple systems. [ A ] [ a ] In psychology , a conceptual system is an individual's mental model of the world; in cognitive science the model is gradually diffused to the ...