How do definitions of postulate concept and principle differ

Reference no: EM131529467

Question: Critique A Statement of Basic Accounting Postulates and Principles by a study group at the University of Illinois (it should be on reserve or otherwise made available to you). Your critique should cover, but not be restricted to, the following points:

a. How do the definitions of postulates, concepts, and principles differ?

b. Are the examples of postulates, principles, and concepts consistent with their definitions?

c. Does this set of postulates, principles, and concepts provide a legislative body with a useful frame work for deriving operating rules?

Reference no: EM131529467

Questions Cloud

Determine if the turnaround has been effective : Provide an example of a company that has done a total " turnaround". Determine if the turnaround has been effective and improved its profitability.

Discuss the equity theories of accounting : Do you think that the so-called equity theories of accounting are really theories in the scientific sense? If so. how would, overclassify. them?

Explain the conditions in which you would allow : Explain the conditions in which you would allow your investigators to lie to a suspect during an investigation and why it would be alright to do so.

Explain roles of men and women for each selected perspective : Cultural attitudes toward male and female sexuality for each selected perspective. Roles of men and women for each selected perspective.

How do definitions of postulate concept and principle differ : Critique A Statement of Basic Accounting Postulates and Principles by a study group at the University of Illinois.

Compare universal model of leadership to other leadership : Create a 10- to 12-slide PowerPoint presentation to compare the Universal Model of Leadership in Mastering Leadership to one other leadership model.

Did your search return results which pertained to the issues : Did your search return results which pertained to the issues you identified? If not, please modify your search query until your results are more on point.

Why the materiality principle requires a unifying standard : Sterling called conservatism, "the fundamental valuation principle of accounting." List and briefly discuss as man areas savor can in which I I I.

Price of procter and gamble stock : What is the expected return of your portfolio and what is the standard deviation of your portfolio - Price of Procter and Gamble Stock

User Account

All Pages