Accounting theory provides a framework for developing standards and guiding accounting practice. It aims to establish principles that ensure financial statements provide a true and fair view of a company's financial position. The key aspects of accounting theory are the qualitative characteristics that make financial information useful, such as relevance, reliability, and comparability.
Accounting theory provides a framework for developing standards and guiding accounting practice. It aims to establish principles that ensure financial statements provide a true and fair view of a company's financial position. The key aspects of accounting theory are the qualitative characteristics that make financial information useful, such as relevance, reliability, and comparability.
Accounting theory provides a framework for developing standards and guiding accounting practice. It aims to establish principles that ensure financial statements provide a true and fair view of a company's financial position. The key aspects of accounting theory are the qualitative characteristics that make financial information useful, such as relevance, reliability, and comparability.