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Business English Exercises
 

Various views of accounting

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various views of accounting question 1
Commercial, financial and taxation accounting rules ......... their own purposes and, as a consequence, differences in the results should be expected and accepted.


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various views of accounting question 2
Commercial accounting rules are used to determine the commercial results of a single entity, and establish, in particular, whether a profit or a loss has resulted for ......... period.


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various views of accounting question 3
The rules are intended to protect the rights of shareholders and creditors and, as a consequence, the ......... principle occupies an important place.


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501 Business English Exercises — Printable, photocopiable.
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various views of accounting question 4
Financial accounting and reporting rules are part of a country's capital ......... regulations.


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various views of accounting question 5
Their objective is to give investors and other stakeholders a reliable and as accurate as possible picture of the financial situation of the economic entity (group); the guiding principle is '.........'.


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various views of accounting question 6
Other important rules in this respect are 'substance over form', 'market value measurement', and the factual prohibition of hidden ..........


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various views of accounting question 7
Taxation rules are used to determine taxable profits, and their objective is to define the tax liability of enterprises to the ..........


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various views of accounting question 8
The rules must be susceptible to ......... by taxpayers and control and enforcement by tax authorities.


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various views of accounting question 9
Taxation rules for companies are usually designed to preserve economic neutrality, so that business decisions are not ......... influenced by fiscal measures.


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various views of accounting question 10
Tax laws reflect general principles of taxation, such as non-discrimination or taxation according to economic capacity, but also ......... such as availability of funds for payment of the liability and long-term profitability.


various views of accounting, answer 10 english printables, practicabilities vs practicalities vs practices vs pragmatics

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