Question

Introduction on conventional of modern systems of accountancy

Answer 1

Modern accounting and financial reporting standards are in place to enhance efficiency and public accountability within our democratic system of government. Adherence to modern accounting standards is a requirement of business accountants. The implementation of modern accounting standards improves efficiency and transparency in both the private and public sectors.

 

 

 

 

 

 

What Is Modern Accounting?by Shiloh Bell ; Updated September 26, 2017

Modern accounting and financial reporting standards are in place to enhance efficiency and public accountability within our democratic system of government. Adherence to modern accounting standards is a requirement of business accountants. The implementation of modern accounting standards improves efficiency and transparency in both the private and public sectors.

Generally Accepted Accounting