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bachelor of science in business administration major in financial management
bachelor of science in business administration major in financial management
Last Update: 2023-07-29
Usage Frequency: 1
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the objectivity principle is a fundamental accounting concept that requires financial information to be supported by independent, unbiased evidence. this means that all financial statements and records should be based on verifiable data, such as receipts, invoices, or bank statements, rather than personal opinions or estimates. understanding the objectivity principle can help you appreciate the importance of accuracy and reliability in financial reporting, which is crucial for making informed economic decisions. did you know that this principle is one reason why auditors play such a critical role in the financial industry? their job is to ensure that the financial statements of a company adhere to this principle, providing assurance to investors and stakeholders.
principle of objective
Last Update: 2024-08-07
Usage Frequency: 2
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