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Economic entity and Financial statement

Shortcuts: Differences, Similarities, Jaccard Similarity Coefficient, References.

Difference between Economic entity and Financial statement

Economic entity vs. Financial statement

In accounting, an economic entity is one of the assumptions made in generally accepted accounting principles. Financial statements (or financial report) is a formal record of the financial activities and position of a business, person, or other entity.

Similarities between Economic entity and Financial statement

Economic entity and Financial statement have 2 things in common (in Unionpedia): Accounting, Accounting standard.

Accounting

Accounting or accountancy is the measurement, processing, and communication of financial information about economic entities such as businesses and corporations.

Accounting and Economic entity · Accounting and Financial statement · See more »

Accounting standard

Financial statements prepared and presented by a company typically follow an external standard that specifically guides their preparation.

Accounting standard and Economic entity · Accounting standard and Financial statement · See more »

The list above answers the following questions

Economic entity and Financial statement Comparison

Economic entity has 3 relations, while Financial statement has 75. As they have in common 2, the Jaccard index is 2.56% = 2 / (3 + 75).

References

This article shows the relationship between Economic entity and Financial statement. To access each article from which the information was extracted, please visit:

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