Objectives Should Be Expressed as Broad, General Principles Rather Than

question 74

True/False

Objectives should be expressed as broad, general principles rather than as specific short-term results.

---

Definitions:

Additional Accounts

Accounts that are created to track or manage specific financial transactions not covered by the standard set of accounts.

Worksheet

An accounting tool used for planning and preparing financial statements, often in the form of a spreadsheet.

Chart of Account Order

The systematic arrangement of accounts within a chart, typically organized by type and number.

Worksheet

A paper or electronic document used by accountants to compile and analyze financial data ahead of the preparation of financial statements.