National Repository of Grey Literature 1 records found  Search took 0.00 seconds. 
Accounting concept - Prudence
Dang, Thu Trang ; Bokšová, Jiřina (advisor)
Otherwise known as conservatism. The concept says that a company should never anticipate profit before they are actually earned and should never understate it's expenses. This means that the highest level of the expenses and the lowest level of profits should be used in making financial statements. The accounting concept - Prudence is realized by reserves, asset provisions and deprecations.

Interested in being notified about new results for this query?
Subscribe to the RSS feed.