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Generally accepted accounting principles (GAAP) are uniform accounting principles for private companies and nonprofits in the U.S. These principles are largely set by the Financial Accounting ...
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There are four widely recognized accounting conventions: conservatism, consistency, full disclosure, and materiality. Understanding an Accounting Convention Sometimes, there is not a...
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Accounting
Accounting, also known as accountancy, is the processing of information about economic entities, such as businesses and corporations. Accounting measures the results of an organizatio…New content will be added above the current area of focus upon selectionAccounting, also known as accountancy, is the processing of information about economic entities, such as businesses and corporations. Accounting measures the results of an organization's economic activities and conveys this information to a variety of stakeholders, including investors, creditors, management, and regulators. Practitioners of accounting are known as accountants. The terms "accounting" and "financial reporting" are often used as synonyms.Wikipedia... Read more