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Accounting Policies and Standards: Ensuring Compliance and Integrity

Learn about accounting policies, valuation methods, measurements, assumptions, and principles to uphold financial integrity and regulatory compliance in business. Explore the world of cryptocurrency with vocabulary, readings, quizzes, and more.

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Accounting Policies and Standards: Ensuring Compliance and Integrity

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  1. Business English 2 Week 3

  2. Accounting policies and standards Accounting policy the way of doing company’s accounts There are a range of different methods of valuation – deciding how much something is worth – and measurements – determining how big something is – that are accepted by law or by official accounting standards.

  3. Accounting assumptions and principles The most important accounting assumptions • separate entity or business entity assumption • time-period assumption • continuity or going concern assumption • unit-of-measure assumption

  4. Accounting assumptions and principles The most important accounting principles • full-disclosure principle • the principle of materiality • the principle of conservatism • the objectivity principle • the revenue recognition principle • the matching principle

  5. What is Cryptocurrency? • vocabulary list • reading activity • multiple choice • spelling and recognition

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