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In accounting, the convention of conservatism, also known as the doctrine of prudence, is a policy of anticipating possible future losses but not future gains. It states that when choosing between two solutions, the one that will be least likely to overstate assets and income should be selected.
Moreover, the Conservatism is also a less dominated constraint, which means firms also need to consider more about bad news than good news when reporting financial statements. [18] In particular, firms need to choose the method that "least likely overstates assets and income or understates liabilities and losses" [ 3 ] when encountering ...
Conservatism is a cultural, social, and political philosophy and ideology that seeks to promote and preserve traditional institutions, customs, and values.
According to conservative academic Sean Speer, some of the most important developments within the 21st century American conservative movement include the rise of Donald Trump and right-wing populism more broadly, an emerging movement within conservatism that is opposed to both post-Cold War neoliberalism and liberalism more broadly, [123] a ...
Conservatism is the revered philosophy of the rule of law, limited government, personal responsibility, moral clarity, fiscal responsibility and family values.
Historically, the conservative has favored liberty for the higher orders and constraint for the lower orders." And, he goes on, it has historically defined itself against the movements it opposes.
In American political theory, fiscal conservatism or economic conservatism [1] is a political and economic philosophy regarding fiscal policy and fiscal responsibility with an ideological basis in capitalism, individualism, limited government, and laissez-faire economics.
And administration officials also believe that, ultimately, large pieces of Trump’s executive power project will win approval from the conservative majority on the Supreme Court, which he built ...