Browse Items (3 total)

The purpose of this topic is to look at the nature and purpose of the science of
economics. The methodology is studied. A distinction is made between positive (or
descriptive) economics and normative (or political) economics. Different branches…

The development of accounting concepts and principles is closely related to the
economic growth of the United States, as businesses grew in size, and outsiders
increased their demand for financial information. Accounting principles focus on…

The purpose of accounting is to provide a means of recording, reporting, summarizing, and interpreting economic data. In order to do this, an accounting
system must be designed. A system design serves the needs of users of accounting
information.…