May 2020

24 Basic Accounting Principles Business Owners Must Have

ContentWhat is the Purpose of Accounting Principles?Generally Accepted Accounting Principles (GAAP)Period of timeGAAP PrinciplesWhat Are Generally Accepted Accounting Principles?How GAAP is regulated The Securities and Exchange Commission , the U.S. government agency responsible for protecting investors and maintaining order in thesecuritiesmarkets, has expressed interest in transitioning to IFRS....

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