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Prudence Fundamental accounting concepts

Forums › ACCA Forums › ACCA FA Financial Accounting Forums › Prudence Fundamental accounting concepts

  • This topic has 0 replies, 1 voice, and was last updated 12 years ago by cameillia.
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  • December 5, 2012 at 7:39 pm #56201
    cameillia
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    • Topics: 3
    • Replies: 0
    • ☆

    Do you believe prudence has regained some of its status as an accounting concept following the financial concept? does this refer to banking crisis whereby they abandoned the rules of credit: character of the borrower, capital needed, capacity to repay, and collateral, and the link to the property bubble.
    Thank you all in advance.

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