EXAMINATION IN THEORY OF ACCOUNTS.
The examination in theory of accounts of the May 1958, Certified Public Accountants Examination took place on Friday, May 16, 1958, in a three and one-half hour session. There are two group of question included. All four questions in the first group were required; three were to be selected from four in the second group. To save candidates the time of computing their own time budgets for each question, notations of estimated time requirements are furnished for each question to be answered separately and in the aggregate for all questions to be answered out of a group where options are involved. The estimated time allowances are approximately proportional to their point value. The decision between "capitalizing" an expenditure relating to equipment and charging it to operations is governed by a number of factors which may have varying relative importance in different situations. To avoid distortion and non-comparability of reported income, it was essential for a sound policy be established and that it be followed uniformly and consistently from period to period.
- DOI
- 10.2308/tar-7060908
- Volume
- 33 (4)
- Pages
- 692-700
- Language
- en
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- BibTeX
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