What is Verifiable Objective Concept..??
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Q) What is Verifiable Objective Concept..??
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Verifiable objectives means that at the end of any time period or task it should be possible to determine whether or not the objectives for the period have been achieved. The goal of every manager is to create a surplus (in business organizations this means profits).
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Verifiability means that the accounting information presented in financial statements must be verifiable by independent accountants. ... Verification of accounting information can be either direct or in-direct.
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