What Is The Periodicity Assumption
What is the periodicity assumption in relation to financial reporting?
The periodicity assumption ways that a company's economic activities can exist divided into relevant reporting periods. For case, it is assumed that whatsoever company with solid fiscal reporting catamenia tin can bear witness the results of the business organization on a monthly, quarterly, or almanac basis. The financial statements should incorporate specific reference to the date or time catamenia the financial schedule covers (i.e. Year i or December 31, Twelvemonth 1).
Back To All Questions
Y'all might likewise be interested in...
-
Discontinued Operations on the FAR CPA Exam
Overview of Discontinued Operations In fiscal reporting, discontinued operations refer to a component of a company's core business concern or product line that have been divested or shut down. Discontinued operations will exist reported (net of tax) separately from continuing operations on the income statement. The reason that discontinued operations are reported separately is then that...
-
Equity Method Excel Workbook
If you lot would similar to use the Excel workbook that was used to create the Universal CPA lecture on the disinterestedness method, please click the link below to download the Excel workbook: Disinterestedness Method Lecture Example https://youtu.exist/QE4flnmuSkw
-
How Difficult is the CPA Examination?
So you're thinking nearly taking the CPA exam? Whether you have a dream of becoming a tax advisor, feel every bit though yous need public accounting experience, or just want to solidify your business acumen, the CPA license is i of the most prestigious and well respected licenses in the business organization globe. The exam itself is...
What Is The Periodicity Assumption,
Source: https://www.universalcpareview.com/ask-joey/what-is-the-periodicity-assumption-in-relation-to-financial-reporting/
Posted by: williamsthoom1977.blogspot.com
0 Response to "What Is The Periodicity Assumption"
Post a Comment