Chapter 25, Accounting concepts Flashcards by Joshua Crummack | Brainscape

Q

Financial Accounting

A

concentrates on the assets profits and levels of cash within the business

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Q

Managment accounting

A

concentrates on the internal financial support allowing the business to evaluate it performance

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Q

Principles of Accounting

A

Consistency
Going concern
Matching
Materiality
Objectivity
Prudence
realisation

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