Explain the Difference Between Macro-Uniform-Based and Micro-Based Accounting Systems

question 52

Essay

Explain the difference between macro-uniform-based and micro-based accounting systems.What are some examples of countries that fit in each system?

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Definitions:

Spider Chart

A spider chart, also known as a radar chart, is a graphical method of displaying multivariate data in the form of a two-dimensional chart of three or more quantitative variables represented on axes starting from the same point.

Rate of Change

Rate of Change is a measure used in mathematics and economics to represent the speed at which a variable changes over a specific period of time.

Poisson Distribution

A probability distribution that expresses the probability of a given number of events happening in a fixed interval of time or space, assuming events occur with a known constant rate and independently of the time since the last event.

Net Revenue

The total amount of income generated from sales or services after subtracting returns, allowances, and discounts.