Accounting Principles - Essay by Student999

TOP ESSAY WRITING SERVICES REVIEWS


Rank
Service
General
Prices

1
  • Since 2008
  • Free revisions
  • Money-back guaranty
  • Up to 5% for the first order. Up to 15% for the orders starting from 2nd

from $9.97/pp

visit site

2
  • Since 2009
  • Free title page, revisions
  • Discount policy
  • Satisfaction guarantee
  • More than 100 000 orders delivered

from $9.97/pp

visit site

3
  • Since 2010
  • PhD holding authors only
  • SMS notifications & VIP support
  • Discount policy

from $22/pp

visit site

4
  • Since 2010
  • 24/7 support team
  • More than 500 writers
  • Money-back guaranty
  • Up to 15% discounts

from $9.97/pp

visit site

 

My Account
Anti Essays

Welcome

Anti Essays offers essay examples to help students with their essay writing.

Sign Up

Accounting Principles Essay

Open Document

Below is an essay on "Accounting Principles" from Anti Essays, your source for research papers, essays, and term paper examples.

Accounting Principles

According to “Accounting Principles” (2012), Accounting Principles are an official set of rules, standards, and procedures a company must follow when reporting financial data. The most common set of rules or practices uses by most businesses what is known as the generally accepted accounting principles (“Accounting Principles”, 2012). Most companies in the United States follow generally accepted accounting principles and are required to do so to remain on many major stock exchanges. The Financial Accounting Standards Board is the source of most generally accepted accounting principle rules in the United States (“Accounting Principles”, 2012). These rules give investors confidence in the accuracy of financial statements when comparing companies (“Accounting Principles”, 2012). As accounting principles can be different around the globe, many countries have their own version, which is often slightly different. Generally accepted accounting principles cover such things as revenue recognition, balance sheet item classification and outstanding share measurements (“Accounting Principles”, 2012). Investors should be cautious when looking a company who does not follow generally accepted accounting principles. As generally accepted accounting principles are only a set of standards, be mindful when reviewing financial statements as they are subject to distortion.

Commercial accounting rules determine the commercial results of an entity, and establish whether that entity has recognized a profit or a loss for a given period (“What is commercial accounting”, 2009). According to “Financial Accounting Notes” 2009, commercial accounting is the maintenance of daily record of all financial transactions in such manner that it would help in the preparation of suitable information regarding the financial affairs of a business or an individual. The purpose of commercial accounting is to educate business leadership about company performance and...

Show More


Related Essays

Citations

MLA Citation

"Accounting Principles". Anti Essays. 12 Dec. 2017

<http://anties.wressy.com/free-essays/Accounting-Principles-338025.html>

APA Citation

Accounting Principles. Anti Essays. Retrieved December 12, 2017, from the World Wide Web: http://anties.wressy.com/free-essays/Accounting-Principles-338025.html