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Accounting Job Description

If, for example, a business changes its cost flow assumption, the accountant for that business has an obligation to report on that change. Conservatism is a principle that advises that an accountant may report potential losses https://accountingcoaching.online/inventory-and-cost-of-goods-sold/fifo-or-lifo-inventory-methods/ for a business (in fact, he has an obligation to report such losses), but he may not report [...]