ADVANCED ACCOUNTING 11
ACCOUNTING CONCEPTUAL FRAMEWORK
Accounting theory has been defined as logical reasoning in the form of a set of broad
Provide a general frame of reference by which accounting practice can be evaluated
PRINCIPLES AND PRACTICES OF MANAGEMENT
DEFINITIONS OF MANAGEMENT
Different experts have defined management using different approaches. They include;
1. William sprigged: Management is that function of an enterprise which concerns
itself with the
THEORETICAL FRAMEWORK OF
Financial statements are prepared and presented to external users by many entities around the world.
Although such financial statements may appear similar from country to country, there ar
This is a measure of the total monetary value of the flow of final goods and services arising from
the productive activities of a nation in any one year.
Concepts of National Income
1. Gross Domestic Product (GDP) is the total monetary val