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Accounting for Management
Explanations, Exercises, Problems and Calculators
Accounting principles and concepts
What are the basic principles and concepts that form the basis of major accounting standards such as US-GAAP and International Financial Reporting standards?
What are the important qualitative characteristics of financial statements?
What are the benefits of adhering to these basic principles and concepts of accounting?
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Accrual concept of accounting
Going concern concept
Matching principle of accounting
Business entity concept
Monetary unit assumption
Time period assumption
Revenue recognition principle
Materiality concept of accounting
Historical cost concept
Full disclosure principle of accounting
Consistency principle of accounting
Comparability concept of accounting
Understandability concept of accounting
Substance over form concept
Prudence concept of accounting
Qualitative characteristics of financial statements