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Generally Accepted Accounting Principles N COMPUT

accounting principle ECON

change in accounting principle ECON

Monolingual examples (not verified by PONS Editors)

English
Net worth in the balance sheet is determined by accounting principles and methods.
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In addition, members will often discuss complex accounting estimates and judgments made by management and the implementation of new accounting principles or regulations.
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Accountants may argue that financial accounting principles represent true values and are more than sufficient for management accounting purposes.
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At the same time, assumptions are not accounting principles, as they are more of agreed upon rules.
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The two financial accounting principles noted above briefly describes the chasm that exists between financial accounting and managerial accounting objectives.
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Income subject to tax is determined under tax accounting rules, not financial accounting principles, and includes almost all income from whatever source.
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Principles for recognizing income and deductions may differ from financial accounting principles.
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Many systems define taxable income by reference to net income before income taxes per financial statements prepared under locally accepted accounting principles.
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The multiple units of measurement include narratives of social policy and procedures as well traditional accounting principles and practice.
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They have the authority to determine what are accepted accounting principles, while using questionable accounting practices themselves.
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