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To ensure uniformity and comparability between financial statements prepared by different companies, a set of guidelines and rules are used. Commonly referred to as Generally Accepted Accounting Principles (GAAP), these set of guidelines provide the basis in the preparation of financial statements, although many companies voluntarily disclose ...
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Homogeneity and heterogeneity; only ' b ' is homogeneous Homogeneity and heterogeneity are concepts relating to the uniformity of a substance, process or image.A homogeneous feature is uniform in composition or character (i.e., color, shape, size, weight, height, distribution, texture, language, income, disease, temperature, radioactivity, architectural design, etc.); one that is heterogeneous ...
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Realizing the need to reform the APB, leaders in the accounting profession appointed a Study Group on the Establishment of Accounting Principles (commonly known as the Wheat Committee for its chairman Francis Wheat). This group determined that the APB must be dissolved and a new standard-setting structure created.
when cost of repair of a damaged asset (usually a car) is not feasible or exceeds its insurance value [177] (US:total loss, totalled; hull loss [for aircraft]) Is also used formally in the context of accounting, including in the US, to mean a permissible deduction applied to offset certain kinds of costs ("a tax write-off"). [177] wog
Uniformity (chemistry), a measure of the homogeneity of a substance's composition or character Uniformity (complexity) , a concept in computational complexity theory Uniformity (philosophy) , the concept that the same natural laws and processes that operate in the universe now have always operated in the universe