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Urban Hype XO | Design & illustration : Home page

Urban Hype XO | Design & illustration : Home page | interior design |
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Rescooped by frida wijaya from Basic Accounting Concepts!

Accounting Concepts & Principles

Accounting Concepts & Principles | interior design |

Accounting principles focus on the users of accounting information. Principles have developed over a long period of time, and are continuously subject to revision as information needs change. This article deals with a review of accounting concepts and principles which are:1) business entity, 2) going concern, 3) objective evidence, 4) unit of measurement, 5) accounting period, 6) matching revenues and expenses, 7) adequate disclosure, 8) materiality, 9) consistency, and 10) conservatism

Via Peter John Baskerville
Peter John Baskerville's curator insight, April 12, 2013 6:15 PM

A sound article explaining the concepts and principles that underpin the recording, classifying and reporting of financial transactions in the accounting system.

Carlyle Johnson's curator insight, May 23, 2013 10:54 PM

Good accounting information.