What Are the Primary Principles of Accounting?

Answer Accounting primary principles come from various sources -- including generally accepted accounting principles and international financial reporting standards. Other authoritative sources include th... Read More »

Top Q&A For: What Are the Primary Principles of Accounting

What motivated the New York Stock Exchange to seek the development of accounting principles?

Inspired by the accounting irregularities that were responsible for the demises of WorldCom, Enron and Tyco, Senator Paul Sarbanes and Representative Michael Oxley cosponsored the Sarbanes-Oxley A... Read More »

Benefits of Accounting Principles?

Accounting principles refer to comprehensive guidelines followed when preparing financial statements. A common set of principles should be used for financial reporting of all companies in a certain... Read More »

Basic Accounting Principles & Full Disclosure?

Accounting helps a company keep score, using dollars as points. The higher the dollars, the more a company earns in terms of profit. Basic accounting principles exist for a company to record and re... Read More »

Define Accounting Information System Principles?

An accounting information system is a design for a way to handle a company's accounting process. Accounting is simply concepts, techniques and methods to account for financial transactions of a bus... Read More »