Political Ideology

1 Posts
1 Sections
1 Types

Definitions

Conservatism and Conservative Principles

Conservatism Accounting Principles Business Strategy Political Ideology Financial Reporting Risk Management Government Policy

Conservatism in accounting focuses on understating assets and revenues and overstating liabilities and expenses to provide a prudent and less risky portrayal of a company's financial position. In business, it refers to a cautious and careful attitude, typically avoiding excessive risk. In politics, conservatism promotes limited government spending and lower taxes.