Accountancy, asked by ankitbaruah5478, 1 year ago

Do the cultures and organizations influence the accounting theory

Answers

Answered by KeshviReddy
0

Yes the cultures and organizations influence the accounting theory

Answered by Mustela
0

One impact of culture is endurance to proposed development from enduring accounting procedures to new accounting methods. Organizational participants, over time, may embrace  'accounting procedures' to reach the common or administered values/culture of the corporation rather than to adhere to the proposed financial recording purpose of the accounting system. Therefore, cultures and organizations determine the accounting theory.

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