Name the concept under which the skills or quality of the management team is not disclosed in the financial statements.

Asked by Last Modified  

2 Answers

Learn Accountancy +1 Class XI-XII Tuition (PUC)

Follow 3
Answer

Please enter your answer

Rishana Pp

Language Trainer and Parenting Coach

Money measurement concept.It says that only the information related to money is recorded in business and no qualitative information is recorded. The skill, quality etc of management and workers is not recorded as its not quantitative or cannot be expressed in terms of money
1 Comments
Dislike Bookmark

Three concepts that is mponey measurement concept, historical concept and materilaity concept; make it impossible for an accoountant to measure and account for the skills and quality of management team. However the specialised area of Human Resource Accounting, deals with the skills, tarining, capabilities...
read more
Three concepts that is mponey measurement concept, historical concept and materilaity concept; make it impossible for an accoountant to measure and account for the skills and quality of management team. However the specialised area of Human Resource Accounting, deals with the skills, tarining, capabilities and quakity of not only management but of the toatl human resource of the organization. read less
Comments
Dislike Bookmark

Related Questions

What will be the effect of change in income on giffin goods and normal goods ? 
Giffen goods are a special kind of inferior products in which demand increases when price increases. But in the case of income changes, there's an inverse relationship between market and income. With an...
Suneha Sharma
0 2
7
Define Matrix.
Collection of numbers arranged in rows and columns.
Deepti
What is the difference between Cash & Cash Equivalent?
1. Cash means Paper money , coins , Money order etc But, Cash Equivalent means Highly Liquidable Securities 2. Cash has not any Time period . It is Demand Receipt But , Cash Equivalent Take some time...
Madhav
difference b/w cash & cash eqivalant..
Cash is basically the money that is available with us in liquid form.And cash eqivalent are those items which can be converted into liquid form as and when required like fixed deposit ,they can be converted...
Madhav

How many types of GST in India 
Four types of GST in our India. 1.SGST 2.CGST 3.UGST 4.IGST
Subhash Chandra

Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com

Ask a Question

Related Lessons

Tracking Daily Buying and Selling

Shashi Shankar

0 0
0
Introduction To Accounting: Part 17: Dual Aspect Concept
There are always two aspects of a Business Transaction. Examples: Purchase of Machinery for Rs 50,000. The two aspects in this transaction are: Incoming of Machinery Outflow of...

Nishant Kumar

0 0
0
Introduction To Accounting: Part 15: Cost Concept Or Historical Cost Concept
According to the Cost Concept, an asset is recorded in the books of account at the price paid to acquire it and the cost is the basis for all subsequent accounting of the asset. Since the acquisition...

Nishant Kumar

0 0
0
Understanding Asset Value Reduction Process

Shashi Shankar

0 0
0
Definition and Meaning of Trial Balance
A trial balance is a financial statement that lists the balances of a company's general ledger accounts at a specific point in time. It ensures that the total debits equal total credits, helping in the preparation of accurate financial statements.

Subhash Chandra

1 0
0

Recommended Articles

Top Benefits of e-Learning

With the current trend of the world going digital, electronic renaissance is a new movement that is welcomed by the new generation as it helps makes the lives of millions of people easier and convenient. Along with this rapidly changing movement and gaining popularity of Internet, e-Learning is a new tool that emerging...

Read full article >

The Trend of E-learning and it’s Benefits

E-learning is not just about delivering lessons online. It has a much broader scope that goes beyond manual paper or PowerPoint Presentations. To understand the reach of E-learning and how the whole process works in developing the Educational system, we will discuss a few points here. Let us find out how this new learning...

Read full article >

6 Exam Hall Tips To Follow, For Every Good Student

Appearing for exams could be stressful for students. Even though they might have prepared well, they could suffer from anxiety, tension etc. These are not good for their health and mind. However, following a few exam preparation tips can save them from all these and help them to score good marks. Let’s find out all...

Read full article >

Science, Arts Or Commerce - Which One To Go For?

Once over with the tenth board exams, a heavy percentage of students remain confused between the three academic streams they have to choose from - science, arts or commerce. Some are confident enough to take a call on this much in advance. But there is no worry if as a student you take time to make choice between - science,...

Read full article >

Find Class 11 Tuition near you
Class 11 Tuition in Delhi
Class 11 Tuition in Bangalore
Class 11 Tuition in Kolkata
Class 11 Tuition in Hyderabad
Class 11 Tuition in Mumbai
Class 11 Tuition in Chennai
Class 11 Tuition in Pune
Class 11 Tuition in Gurgaon
Class 11 Tuition in Noida
Class 11 Tuition in Ghaziabad

Looking for Class 11 Tuition ?

Learn from the Best Tutors on UrbanPro

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you