Difference between revisions of "ACOP"
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| − | ACOP | + | ACOP stands for {{:The accounting concept of profit}} |
[[Category:finance]] | [[Category:finance]] | ||
Latest revision as of 19:23, 27 August 2020
ACOP stands for The accounting concept of profit is:
- Accrual based
- Hindsight oriented
- One period
- Only interest taken into account (not full cost of capital).
- The cost of capital is severely underestimated in the accounting concept of profit
- Reporting to the outside world
