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Accounting Concepts & Principles3,4

Accounting Concepts & Principles3,4

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Published by Manoj K

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Published by: Manoj K on Apr 25, 2009
Copyright:Attribution Non-commercial

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05/11/2014

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Financial AccountingFinancial Accounting
Basic Accounting Concepts &Basic Accounting Concepts &PrinciplesPrinciples
 
Financial AccountingFinancial Accounting
GAAPGAAP
GENERALLY ACCEPTED ACCOUNTINGGENERALLY ACCEPTED ACCOUNTINGPRINCIPLESPRINCIPLES
Ground rules which define theGround rules which define theparameters and constraints withinparameters and constraints withinwhich accounting reports arewhich accounting reports aregenerated.generated.
 
Financial AccountingFinancial Accounting
GAAPGAAP
It is a combination of authoritativeIt is a combination of authoritativestandards set by policy boards andstandards set by policy boards andthe accepted ways of doingthe accepted ways of doingaccountingaccounting
In India, it is set by the AccountingIn India, it is set by the AccountingStandards Board (ASB) of theStandards Board (ASB) of theInstitute of Chartered Accountants of Institute of Chartered Accountants of India (ICAI)India (ICAI)

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