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Will Technology Reduce Costs Enough to Affect GAAP Principles?

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Will the effects of technology reduce costs significantly enough that the body of GAAP that is currently in place may fail to adequately reflect the principles of SFAC 2, such as relevance?

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Accounting Theory is discussed very comprehensively in this explanation.

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Will the effects of technology reduce costs significantly enough that the body of GAAP that is currently in place may fail to adequately reflect the principles of SFAC 2, such as relevance?

The principles of SFAC 2 that is relevance, reliability and comparability are not currently reflected enough in the body of GAAP that is currently in place. For ...

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Hatim Baxamusa, MBA
Education
  • BSc , University of Calcutta
  • MBA, Eastern Institute for Integrated Learning in Management
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