Please enable JavaScript.
Coggle requires JavaScript to display documents.
Accounting History - Coggle Diagram
Accounting History
STRENGHTS
Systematic
Easy to interpret and follow
Contextualise Accounting information
Facts about Accounting
Helps solve present accounting problems
Learn from past mistakes
Informs decision making
Explain and inform policy
Appreciation of the heritage of accounting
Values
Obligation to society
Can be used as a teaching tool
Educational tool
WEAKNESSES
Subjective
Just an interpretation of the past
Interpretation
Can be interpreted in different ways
Incomplete Accounting data
Inaccuracy of historical data