Commerce Exam > Commerce Notes > Accountancy Class 11 > PPT : Accounting as a Measurement Discipline
PPT : Accounting as a Measurement Discipline | Accountancy Class 11 - Commerce PDF Download
| Download, print and study this document offline |
Please wait while the PDF view is loading
Page 1 Section A Chapter 1 Unit - 5 CA.S.S.Prathap Page 2 Section A Chapter 1 Unit - 5 CA.S.S.Prathap Identification of objects , transactions and events Selection of standards (or) scale Evaluation of dimension of measurement standards ( or ) scale In Accounting ,Money is the scale of measurement Page 3 Section A Chapter 1 Unit - 5 CA.S.S.Prathap Identification of objects , transactions and events Selection of standards (or) scale Evaluation of dimension of measurement standards ( or ) scale In Accounting ,Money is the scale of measurement Historical cost Current cost Realisable cost Present value Page 4 Section A Chapter 1 Unit - 5 CA.S.S.Prathap Identification of objects , transactions and events Selection of standards (or) scale Evaluation of dimension of measurement standards ( or ) scale In Accounting ,Money is the scale of measurement Historical cost Current cost Realisable cost Present value It is the amount paid on purchase (i.e.,) cash / purchase price It means acquisition price It is the Gross book value of a fixed asset Page 5 Section A Chapter 1 Unit - 5 CA.S.S.Prathap Identification of objects , transactions and events Selection of standards (or) scale Evaluation of dimension of measurement standards ( or ) scale In Accounting ,Money is the scale of measurement Historical cost Current cost Realisable cost Present value It is the amount paid on purchase (i.e.,) cash / purchase price It means acquisition price It is the Gross book value of a fixed asset It means replacement cost .Read More
|
82 videos|105 docs|42 tests
|
FAQs on PPT : Accounting as a Measurement Discipline - Accountancy Class 11 - Commerce
| 1. What is accounting as a measurement discipline? |  |
Ans. Accounting as a measurement discipline refers to the practice of using standardized methods and principles to measure and record financial information. It involves the systematic measurement, processing, and communication of financial data to provide relevant and reliable information for decision-making purposes.
| 2. How does accounting measure financial performance? | |
Ans. Accounting measures financial performance by analyzing various financial statements such as the income statement, balance sheet, and cash flow statement. These statements provide information on revenues, expenses, assets, liabilities, and cash flows, which are used to assess the profitability, solvency, and liquidity of a business.
| 3. What are the key principles of accounting as a measurement discipline? | |
Ans. The key principles of accounting as a measurement discipline include:
1. Accrual principle: Revenue and expenses are recognized when earned or incurred, regardless of cash flow.
2. Matching principle: Expenses are matched with the revenue they generate during a specific accounting period.
3. Historical cost principle: Assets are recorded at their original cost, rather than their current market value.
4. Going concern principle: Financial statements are prepared under the assumption that the business will continue its operations in the foreseeable future.
5. Consistency principle: Accounting methods and principles should be applied consistently from one period to another for comparability.
| 4. How does accounting contribute to decision-making? | |
Ans. Accounting contributes to decision-making by providing relevant and reliable financial information. This information helps stakeholders, such as managers, investors, and creditors, to assess the financial performance, financial position, and cash flow of a business. It enables them to make informed decisions regarding investments, lending, resource allocation, pricing strategies, and overall business strategy.
| 5. What are the limitations of accounting as a measurement discipline? | |
Ans. The limitations of accounting as a measurement discipline include:
1. Subjectivity: Accounting involves judgment and estimation, which can introduce subjectivity and potential bias.
2. Historical focus: Accounting focuses on past events and transactions, which may not always reflect the current or future economic realities.
3. Simplification: Accounting involves simplifications and assumptions, which may not capture the full complexity of business operations.
4. Non-financial factors: Accounting primarily focuses on financial information and may not fully capture non-financial factors that can impact decision-making.
5. Potential manipulation: Accounting information can be manipulated or misrepresented, leading to inaccurate financial reporting.
Related Exams
About this Document
|
1.5K Views |
|
4.64/5 Rating |
|
Oct 25, 2024 Last updated |
Document Description: PPT : Accounting as a Measurement Discipline for Commerce 2024 is part of Accountancy Class 11 preparation.
The notes and questions for PPT : Accounting as a Measurement Discipline have been prepared according to the Commerce exam syllabus. Information about PPT : Accounting as a Measurement Discipline covers topics
like and PPT : Accounting as a Measurement Discipline Example, for Commerce 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises and tests below for PPT : Accounting as a Measurement Discipline.
Introduction of PPT : Accounting as a Measurement Discipline in English is available as part of our Accountancy Class 11
for Commerce & PPT : Accounting as a Measurement Discipline in Hindi for Accountancy Class 11 course.
Download more important topics related with notes, lectures and mock test series for Commerce
Exam by signing up for free. Commerce: PPT : Accounting as a Measurement Discipline | Accountancy Class 11 - Commerce
Description
Full syllabus notes, lecture & questions for PPT : Accounting as a Measurement Discipline | Accountancy Class 11 - Commerce - Commerce | Plus excerises question with solution to help you revise complete syllabus for Accountancy Class 11 | Best notes, free PDF download
Information about PPT : Accounting as a Measurement Discipline
In this doc you can find the meaning of PPT : Accounting as a Measurement Discipline defined & explained in the simplest way possible. Besides explaining types of
PPT : Accounting as a Measurement Discipline theory, EduRev gives you an ample number of questions to practice PPT : Accounting as a Measurement Discipline tests, examples and also practice Commerce
tests
|
Explore Courses for Commerce exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
video lectures
,practice quizzes
,past year papers
,Sample Paper
,shortcuts and tricks
,Summary
,Extra Questions
,Semester Notes
,mock tests for examination
,Free
,Exam
,study material
,ppt
,PPT : Accounting as a Measurement Discipline | Accountancy Class 11 - Commerce
,PPT : Accounting as a Measurement Discipline | Accountancy Class 11 - Commerce
,Previous Year Questions with Solutions
,PPT : Accounting as a Measurement Discipline | Accountancy Class 11 - Commerce
,Objective type Questions
,Important questions
,Viva Questions
,MCQs
;
Additional Information about PPT : Accounting as a Measurement Discipline for Commerce Preparation
PPT : Accounting as a Measurement Discipline Free PDF Download
The PPT : Accounting as a Measurement Discipline is an invaluable resource that delves deep into the core of the Commerce exam.
These study notes are curated by experts and cover all the essential topics and concepts, making your preparation more efficient and effective.
With the help of these notes, you can grasp complex subjects quickly, revise important points easily,
and reinforce your understanding of key concepts. The study notes are presented in a concise and easy-to-understand manner,
allowing you to optimize your learning process. Whether you're looking for best-recommended books, sample papers, study material,
or toppers' notes, this PDF has got you covered. Download the PPT : Accounting as a Measurement Discipline now and kickstart your journey towards success in the Commerce exam.
Importance of PPT : Accounting as a Measurement Discipline
The importance of PPT : Accounting as a Measurement Discipline cannot be overstated, especially for Commerce aspirants.
This document holds the key to success in the Commerce exam.
It offers a detailed understanding of the concept, providing invaluable insights into the topic.
By knowing the concepts well in advance, students can plan their preparation effectively.
Utilize this indispensable guide for a well-rounded preparation and achieve your desired results.
PPT : Accounting as a Measurement Discipline Notes
PPT : Accounting as a Measurement Discipline Notes offer in-depth insights into the specific topic to help you master it with ease.
This comprehensive document covers all aspects related to PPT : Accounting as a Measurement Discipline.
It includes detailed information about the exam syllabus, recommended books, and study materials for a well-rounded preparation.
Practice papers and question papers enable you to assess your progress effectively.
Additionally, the paper analysis provides valuable tips for tackling the exam strategically.
Access to Toppers' notes gives you an edge in understanding complex concepts.
Whether you're a beginner or aiming for advanced proficiency, PPT : Accounting as a Measurement Discipline Notes on EduRev are your ultimate resource for success.
PPT : Accounting as a Measurement Discipline Commerce Questions
The "PPT : Accounting as a Measurement Discipline Commerce Questions" guide is a valuable resource for all aspiring students preparing for the
Commerce exam. It focuses on providing a wide range of practice questions to help students gauge
their understanding of the exam topics. These questions cover the entire syllabus, ensuring comprehensive preparation.
The guide includes previous years' question papers for students to familiarize themselves with the exam's format and difficulty level.
Additionally, it offers subject-specific question banks, allowing students to focus on weak areas and improve their performance.
Study PPT : Accounting as a Measurement Discipline on the App
Students of Commerce can study PPT : Accounting as a Measurement Discipline alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the PPT : Accounting as a Measurement Discipline,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of PPT : Accounting as a Measurement Discipline is prepared as per the latest Commerce syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up
within 7 days!
within 7 days!
Takes less than 10 seconds to signup