Objectives of accounting concepts and standards, Accounting Basics

After going through this section, you should be capable to:

  • Appreciate the needs for a conceptual framework of accounting;
  • understand and appreciate the Generally Accepted Accounting Principles (GAAP), and
  • Expand an understanding of the significance and necessity for uniformity in accounting practices.
Posted Date: 4/2/2013 7:04:16 AM | Location : United States

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