generally accepted 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

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.
FASB is consisting of qualified people with the best decision making power and they were the best in collection organizing and linking the main accounting concepts.
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.
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.
BEA's government statistics reflect national income and product accounting concepts and thus differ from these other presentations in coverage, timing, and in netting and grossing.
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.
Management accountant must fulfill requirements of knowledge in financial accounting concept such as internal control, asset recognition and others financial accounting concepts in order to do the first role.
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.
The law firm responded that the use of the accountant was indistinguishable from the use of a foreign language interpreter because the tax and accounting concepts that the accountant communicated to the lawyer were every bit as "foreign" to the lawyer as a language that he did not speak.
The second part summarizes significant accounting concepts, including good definitions of terms and review of ideas even for those with minimal exposure to accounting concepts.
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