NOUN
- a principle that governs current accounting practice and that is used as a reference to determine the appropriate treatment of complex transactions
How To Use accounting principle In A Sentence
- The term generally accepted accounting principles is somewhat debatable in the field of financial accounting.
- Managerial accounting is not bound by generally accepted accounting principles.
- Entity Accounting": The accounting principles, accounting policies, and Chart of Accounts prescribed for an Operator to classify and report financial transactions for the Operator as a whole.
- A characteristic of a change in accounting principle is that the change is from one generally accepted that has been used previously to another that is also generally accepted accounting principle.
- Accounting principles are also referred to as standards.
- The term generally accepted accounting principles is somewhat debatable in the field of financial accounting.
- Under generally accepted accounting principles, companies may use straight-line or one of the accelerated methods of depreciation for financial accounting purposes.
- Both authors are committed to the idea of accounting for business activity using exit values, and advocate the basic accounting principles of exchangeability for assets and future cash outflow for liabilities.
- She needed to apply strict accounting principles and practices to detect fraud and misappropriations of public funds.
- In addition, our earnings press release including a reconciliation of certain non-GAAP financial measures to the most directly comparable financial measures prepared in accordance with Generally Accepted Accounting Principles, or GAAP, is posted on our website at www. perficient.com under News and Events. SeekingAlpha.com: Home Page
