Thus, the proportion of collisions that can overcome the activation energy for the reaction increases with temperature. The only way to explain the relationship between temperature and the rate of a reaction is to assume that the rate constant depends on the temperature at which the reaction is run.
Top 10 facts about the world. An accounting convention is a practice generally followed by all accountants as a result of custom, although changing norms in the accounting and financial industries result in periodic updates to them. Also known as accounting concepts, they are the groundwork of accounting.ne of the key accounting conventions is consistency. Once accountants adopt an accounting method they feel is appropriate to a client or setting, they continue to use it. This eliminates confusion and situations where accounting is unclear as a result of changing accounting methods.
Accounting is the art of recording, classifying and summarizing in a significant manner and in terms of money, transactions and events, which are, in part at least, of a financial character and interpreting the result thereof. According to the American Accounting Association [AAA]; Accounting refers to the process of identifying, measuring and communicating economic information to permit informed judgments and decisions by users of the information. According to Weygandt, Kieso and Kimmel; Accounting is an information system that identifies records and communicates the economic events of an organization to interested users. In the light of the above discussion and definitions of Accounting, a comprehensive and meaningful definition of Accounting can be given as such;