What is the matching concept and why is there an implied hierarchy for expense recognition?

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Accounting Theory Conceptual Issues in a Political and Economic Environment

ISBN: 978-1412991698

8th edition

Authors: Harry Wolk, James Dodd, John Rozycki

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Question Posted: Feb 12, 2016 06:24 AM

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What is the matching concept and why is there an implied hierarchy for expense recognition?

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Matching is part of the revenueexpense orientation and has as its goal the assignment of costs in...View the full answer

Accounting Theory Conceptual Issues in a Political and Economic Environment

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