Accounting Data Focus Mainly on Tangible Assets, Which Are No

question 79

Essay

Accounting data focus mainly on tangible assets, which are no longer the most important. Elaborate on this statement.

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Definitions:

Request for Information (RFI)

is a standard business process whose purpose is to collect written information about the capabilities of various suppliers.

Source of Supply

The origin from which goods and services are obtained, which could be a manufacturer, distributor, or a service provider.

Portfolio Analysis

The evaluation of the performance and composition of a collection of investments, projects, or products to make strategic decisions.

Spend Map

A tool or document used in procurement and supply chain management to visualize and analyze an organization's spending patterns, helping with strategic planning and savings identification.