Introduction
1. definition of accounting: [2]
*"Accounting is a set of principles and procedures relating to the registration and compilation, analysis and interpretation of financial data for the purpose of determining the outcome of business and its financial position".
* "A method of recording and tabulating and summarizing operations and financial events and then interpret the results".
*Body:
2.Assumptions used in accounting: [1]
What assumptions used in accounting is generally predict solutions through experimentation of phenomena to upgrade them to the level of reality through the use of a combination of induction and deduction, and when the results to an acceptable degree of accuracy, it can be considered the evidentiary obligation accepted and valid, and perhaps the most important accounting hypotheses are:
I. The imposition of a legal person:
This assumption is based on the understanding that any accounting module is independent and separate from the owners of the project. This assumption leads to the financial statements prepared for the accounting unit for the unit and is not related to operations relating to owners ' accountability for the assumption of independence of economic unity of the personality of the owners making financial statements that the Unit prepared for the operations unit and special operations are not shareholders or staff, in this sense, different accounting statements prepared by the accountants are considered from the point of view of the accounting unit and accounting unit.
II. a hold:
Under this assumption the composition of any accounting module is to continue its activity indefinitely until the final liquidation. This is essential to justify imposing rules of accoun...
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...it to determine income accounting period.
*Conclusion
As explained above, the accounting science as the rest of the social sciences and Humanities founded, principles and assumptions because of accounting theory cannot reach the effect without a unified subject fundamentals of this science in all countries of the world, hence we have to address the accounting principles and assumptions that underlie accounting in order to put the reader in the perception of accounting and its principles. [1]
*References
[1] Dr. Walid Naji alhayaly, accounting ballistic "problems of measurement and accounting disclosure", a nostalgic House Publishing ,first edition, Oman, 1996, p. 27. http://hassanaccountant.blogspot.ae/2009/04/blog-post_8498.html. May. 17, 2014
[2] Abu Abdul-Aziz. Accounting, October.25, 2005. http://bahaj.ahlamontada.com/t476-topic. May. 17, 2014
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Financial Accounting Standards Board. (2006, July 6). Conceptual Framework for Financial Reporting. Financial Accounting Series , 1-55.
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Hines, R. D. (1991). The FASB’s conceptual framework, financial accounting and the maintenance of the social world. Accounting organizations and society, 16(4), 313-331.
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Accounting has been a living part of history since the Neolithic period and remains a prevalent and ever-evolving profession still to this day. This essay therefore proposes to look at the significance and role of history specifically related to the accountancy field. In order to substantiate this claim of the importance of accounting history, numerous benefits of accounting history will be presented. Factors such as the use of historical research and its availability thereof to constantly develop accounting policies will be discussed as well as how historical accounting practices can be used to understand current practice and assist in the training of individuals in the accounting field. Lastly, the importance of history in the development
Accounting is so important in our modern society. It serves a variety range of place in our society. It serves a variety range of place in our soceity, from school to hospital, from business firm to government agencies. It's also the main force in regulation of taxation and industrial activity. It serves a great aspects on the development of mass-production systems, any way, it's a very important term in our modern soceity.