Broad Concepts or Guidelines and Detailed Practices, Including All Conventions

question 153

Short Answer

Broad concepts or guidelines and detailed practices, including all conventions, rules,
and procedures that together make up accepted accounting practice at a given time

---

Definitions:

Logical Problem Solving

The use of systematic and logical thinking to understand a problem and come up with a viable solution.

Diminished Awareness

A state or condition where there is a reduction in the level of consciousness or attentiveness to surroundings and stimuli.

Passing Of Time

The continuous progress of existence and events into the future, perceived as moving from the past through the present to the future.

Industrial-Organizational Psychology

The branch of psychology that studies behavior in work settings and the application of psychological principles to change work behavior.