Entity Theory

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August 31, 2024 5 min read Definitions

Proprietary View: An Accounting Perspective

Accounting Finance Shareholders Accounting Principles Financial Reporting Shareholder Value Entity Theory

The proprietary view in accounting emphasizes the rights and interests of shareholders, focusing on their stakes rather than the entity as a separate whole.

August 24, 2024 3 min read Definitions

Entity Theory: Definition, Functionality, and Criticisms

Accounting Finance Entity Theory Accounting Principles Business Finance Economic Activities Ownership

Explore the Entity Theory in accounting, its principles, functionality, and criticisms. Learn how it distinguishes between a business’s economic activities and those of its owners.