Accounting model

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[əˈkaʊntɪŋ ˈmɑdəl]

Definition: is an accounting tool that performs certain tasks and is built into a broader institutional context. Accounting models in countries with identical socio-economic conditions have many similarities, since accounting technologies do not have boundaries. They are exported and imported to countries with many similar political, economic and geographical areas. With the development of accounting and the appearance of increasingly contrasting differences in the methods of its management, attempts have been made to classify models of accounting systems.

Accounting model in a sentence:

  1. All categories of users of financial statements analyze the financial performance of companies in order to identify options for placing funds in a company of various industries within its accounting model.
  2. In countries where the continental accounting model is applied, the degree of government intervention in the accounting practice of organizations is high.

Synonyms and related words: taxation, accounting, two-sided accounting system

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