ACOP
Revision as of 07:21, 25 August 2020 by Dirkjan (talk | contribs) (Created page with "ACOP stands for {{:The accounting concept of profit}} Category:finance Category:M18 Category:Term")
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
