meaning of accounted for using something?
What does be accounted for using something mean?
"Nearly a decade later, this contentious issue resurfaced in a nore amenable political climate, and the FASB issued a standard requiring expense recognition. Another example relates to business combinations which previously could be accounted for using the purchase method or pooling of interest method."
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Answers · 6
1
To be accountable for something means you are responsible. In this case it sounds like they are responsible for using the purchase method.
Responsible / liable .
0
This one is simple to be held accountable is to take responsabiity for something, so in your paragraph the business combinations were responsible for using whichever methods they used. Basically people were made aware that the business combinations were using such methods. Remember the word accountable, it is used frequently in business, but don't confuse it with accounting/accountant.
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