BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -What is Periodicity in Accounting? The periodicity assumption states that an organization can report its financial results within certain designated periods of time. This typically means that an entity consistently reports its results and cash flows on a monthly, quarterly, or annual basis.

Detailed explanation-2: -Financial accounting provides information about the economic activities of an enterprise for specified time periods that are shorter than the life of the enterprise. Normally, the time periods are of equal length to facilitate comparison. The time period is identified in the financial statements.

Detailed explanation-3: -There are four basic principles of financial accounting measurement: (1) objectivity, (2) matching, (3) revenue recognition, and (4) consistency. 3. A special method, called the equity method, is used to value certain long-term equity investments on the balance sheet.

Detailed explanation-4: -The time period assumption, or periodicity assumption, is a key part of financial accounting and reporting. This assumption states that businesses should report their financial position, results of operations, and cash flows at regular intervals. These intervals are typically monthly, quarterly, or yearly.