Similar words: generally accepted accounting principles, accounting program, guiding principle, matching principle, accounting profession, accounting period, accounting policy, financial accounting.
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31. Finally, the author attempts to interpret and predict the objective of accounting, accounting principles and the presentation of financial statements based on the residual equity theory.
32. Enterprises should follow the principle of prudential and withdraw provision for bad debts in accordance with regulations specified by accounting principles.
33. And managerial accounting is not governed by generally accepted accounting principles.
34. Did you know most of the USA companies using GAAP (Generally Accepted Accounting Principles) accounting rule to do the accounting method in the past?
35. Why do U.S. accounting principles require the former but not the latter?
36. Before the creation of the FASB, the Accounting Principles Board of the American Institute of the Certified Public Accountants fulfilled the function of formulating accounting principles.
37. However, incomplete accounting principles and system, the low quality of accountants and many incontrollable financial affairs in enterprises are the main causes.
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