Accounting concepts: Difference between revisions
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imported>Doug Williamson m (Category added 9/10/13 and spacing) |
imported>Doug Williamson (Delete prudence from concepts list, following its replacement by Faithful representation and Neutrality.) |
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A small number of fundamental concepts which underlie the completion of periodic financial accounts of businesses under generally accepted accounting practice. | A small number of fundamental concepts which underlie the completion of periodic financial accounts of businesses under generally accepted accounting practice. | ||
The concepts include going concern, accruals, consistency | The concepts include going concern, accruals, consistency and disaggregation. | ||
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* [[UK GAAP]] | * [[UK GAAP]] | ||
[[Category: | [[Category:Accounting,_tax_and_regulation]] | ||
Revision as of 13:14, 28 September 2014
A small number of fundamental concepts which underlie the completion of periodic financial accounts of businesses under generally accepted accounting practice.
The concepts include going concern, accruals, consistency and disaggregation.
