The reliability principle requires that
accounting information be dependable--free from significant error and bias.
Users of accounting information rely on its truthfulness. To be reliable,
information must be verifiable by people outside the business; Financial
statement users may consider information reliable if independent experts would
agree that the information is based on objective and honest
measurement. Consider the error in a company’s failure to accrue interest revenue at the end of an accounting period. This error results in understated interest revenue and understated net income. Clearly, this company’s accounting information is unreliable. Biased information -- data prepared from a particular viewpoint and not based on objective facts -- is also unreliable. Suppose a company purchased inventory for $ 25. 000. At the end of the ac A. The accounting information should depend on the principle. B. The accounting information should be free from significant error and bias. C. The accounting information relies on independent experts. D. The accounting information must be verifiable by people outside. [简答题]加入一个俱乐部
Other requirement: video
[单项选择]On turning the corner, we saw the road ______steeply.
A. departing B. descending C. decreasing D. depressing [填空题]What is the requirement for Technologist They have specialized in ().
[填空题]He complied with the requirement that the experiment (do)()tomorrow.
[简答题]Making a telecommuting program work requires careful planning and an understanding of the differences between telecommuting realities and popular images. (Passage 3)
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