Description of generally accepted accounting principles

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Reference no: EM13114770

Discuss the terms listed below. Explain why these concepts are important to financial statements.

Generally Accepted Accounting Principles (US GAAP);
International Accounting Standards (IFRS); and
Liquidity.

Reference no: EM13114770

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Description of generally accepted accounting principles : Discuss the terms listed below. Explain why these concepts are important to financial statements.

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