Accounting principles govern how accountants calculate and present the details of a company’s financial operations, such as net earnings, gross income, and net cash provided by operating activities. These details can be found in such places as quarterly balance sheets or income statements, 10-Q filings, or annual reports.
There are general rules and concepts that govern the field of accounting. These general rules–referred to as basic accounting principles and guidelines–form the groundwork on which more detailed, complicated, and legalistic accounting rules are based. For example, the Financial Accounting Standards Board (FASB) uses the basic accounting principles and guidelines as a basis for their own detailed and comprehensive set of accounting rules and standards.
|Ch01:-Accounting in Action|
|Ch02:-The Recording Process|
|Ch03:-Adjusting The Accounts|
|Ch05:-Accounting for Merchandising Operations|
|Ch07:-Accounting Information Systems|
|Ch08:-Fraud, Internal Control, and Cash|
|Ch09:-Accounting for Receivables|
|Ch10:-Plant Assets, Natural Resources, and Intangible Assets|
|Ch11:-Current Liabilities and Payroll Accounting|
|Ch12:-Accounting for Partnerships|
|Ch13:-Corporations: Organization and Capital Stock Transactions|
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