Explain the difference between a rules-based and principles-based approach to accounting standard setting. Which model do you

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Explain the difference between a rules-based and principles-based approach to accounting standard setting. Which model do you think helps to better present financial position, results of operations, and changes in cash flows? Why?

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Systems analysis and design

ISBN: ?978-1118808177

5th edition

Authors: Alan Dennis, Barbara Haley Wixom, Roberta m. Roth

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Posted Date: Aug 31, 2018 09:23 AM

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Explain the difference between a rules-based and principles-based approach to accounting standard setting. Which model do you

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Rulesbased accounting is basically a list of detailed rules that must be followed when preparing financial statements Many accountants favour the pros... View the full answer

Systems analysis and design

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