generally accepted accounting principles

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Related to Accounting Concepts: Accounting Standards, Accounting Principles
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  • noun

Synonyms for generally accepted accounting principles

a collection of rules and procedures and conventions that define accepted accounting practice

Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
References in periodicals archive ?
Volume 2--This second volume of "Basic Accounting Concepts, Principles, and Procedures" (Applying Principles and Procedures) completes the accounting cycle and discusses how to apply accounting procedures to key accounts.
Combining coverage of both concepts and procedures, this textbook for a first course in financial accounting covers basic concepts underlying financial reports, emphasizing the rationale for and implications of accounting concepts in the preparation of financial reports and their use in various decision situations.
The most important statement is that accounting standard board presented conceptual statements of theoretical framework of rules with SFAC and the standards with executional procedure that led into the issuance of 7 statements as accounting concepts.
Sessions will include: “Financial Basic Training” to cover the importance of financial organization; basic accounting concepts and how to create a financial system to follow.
Explore different opportunities, like serving clients of different sizes and industries, because it will expose you to different team environments, new accounting concepts and diverse business models that will broaden your perspective.
PwC partners Mohamed El Moataz and Tamer Tawab, based in PwC's Egypt office, will be covering everything from the basics of Sharia concepts to accounting concepts, Murarabaha, Musharaka, Sallam, Ijara, Zakan Istisna and sukuk investments.
Most distance learning accounting courses in the UK include the accounting basics, which introduce students to basic accounting principles, accounting concepts and accounting terminology.
In addition, at least some of the components in equation (1) are estimated from source data that are not consistent with economic accounting concepts and thus require adjustments.
Accounting educators have long recognized that one of the best ways for students to master technical accounting concepts is through the repetitive application of those concepts in various problems and contexts.
Besides a detailed coverage on fundamental accounting concepts, there is a good coverage of contemporary issues like, IFRS, Derivatives, foreign currency transactions etc.
One of the purposes of this exercise was to help students realize the importance of managerial accounting concepts in strategic decision making and the integration of these concepts into other functional areas such as marketing, human resources, operations, and general management, specifically for the hospitality industry.
Organizing the programme is in line with the government's approach to the SMEs sector that stems from the establishments as considered the cornerstone in the economic and social development process, as well as, its pioneering role in availing new work opportunities and achieving growth in the investment volume by acquainting them with appropriate systems and procedures before setting up an enterprise, as well as, appropriate accounting concepts used in making decisions based on precise financial and accounting data.
Because of the high level of detail (fineness) of the taxonomy, a precise understanding of a company's accounting concepts and of the U.S.
The model syllabi for the second undergraduate (first masters) tax class suggests spending two hours on "financial tax accounting concepts," defined as Statement of Financial Accounting Standard (FAS) No.
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