: Dividing the economic life of an entity into artificial "fiscal periods" (usually years) to measure performance. Practical Application: Fixed Assets and Valuation
In accounting theory, a supuesto (assumption or postulate) is a basic premise that is accepted as true without requiring proof, serving as the starting point for reasoning or argumentation. Professor Rivero emphasizes that these assumptions arise from the economic environment in which accounting operates. They are not arbitrary; rather, they are logical deductions derived from observing business behavior. Supuestos Contabilidad Financiera Jose Rivero Pdf 11
La undécima edición del libro "Supuestos Contabilidad Financiera" de José Rivero es un recurso completo y actualizado que ofrece: : Dividing the economic life of an entity