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Separate Business Entity Assumption

The separate business entity assumption means that the accounting for a business will be kept separate from the accounting for personal finances as well as from other businesses. The separation of business objectives helps provide users with information relevant to the business and therefore useful for decision making. Separating Business and Personal Objectives Allows Better Measurement… Continue reading Separate Business Entity Assumption

Global Economic Outlook, Q2 2017

What lies ahead for the world's major economies? Explore the latest issue of Deloitte's Global #Economic Outlook. https://t.co/zlNS1c0KiR — Deloitte (@Deloitte) June 3, 2017 http://www.youtube.com/c/AccountingInstructionHelpHowToBobSteele http://accountinginstruction.com/ https://www.facebook.com/pg/AccountingInstructionhelp/videos/?ref=page_internal

Accounting Objectives – Short Overview

Accounting Objectives

Importance of Objectivity in Accounting Objectivity – To provide information useful to investors creditors, and others. The concept of objectivity seems obvious, but we always need to keep the end goal in mind, the creation of useful information for external users. Financial accounting is aimed at producing useful information for external users like investors, creditors,… Continue reading Accounting Objectives – Short Overview