Discuss set of accounting principles

Reference no: EM131529391

Question: 1. Why is it that postulates stemming from the economic and political climates as well as the customs and viewpoints of the business community would not serve as a good foundation for deducing a set of accounting principles?

2. Why do you think financial executives appear to have a higher mean for materiality Judgments when expressed as a percentage of net income than either certified public accountants or financial analysts?

Reference no: EM131529391

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