Management accountants are constrained by the principles of reporting promulgated by the Institute of Management Accountants whereas financial accountants are constrained by Generally Accepted Accounting Principles.
D.
Behavioral considerations are of primary importance in management accounting, but not in financial accounting.
【单选题】Which of the following statements is not consistent with generally accepted accounting principles relating to asset valuation?______.
A.
Assets are originally recorded in accounting records at their cost to the business entity.
B.
Subtracting total liabilities from total assets indicates what the owner's equity in the business is worth under current market conditions.
C.
Accountants assume that assets such as office supplies, land and buildings will be used in business operations rather than sold at current market prices.
D.
Accountants prefer to base the valuation of assets upon objective, verifiable evidence rather than upon appraisals or personal opinion.