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Home > QFINANCE Dictionary > Definition of accounting principles

Definition of

accounting principles


rules of financial reporting the rules that apply to accounting practices and provide guidelines for dealing appropriately with complex transactions

Recommended Further Reading (Term count)
  • Standard Procedure: IFRS Harmonization
    by Victor Smart
    This article was first published in Quantum magazine.International accounting standards are vital to make allocating capital easier and more effective on a global scale. But there is significant variance in the pace at which they are being adopted, while regionalization threatens to change the shape of the market.
  • Measuring Financial Health
    This checklist outlines the way to measure a business’s financial health.
  • Creating a Profit and Loss (P&L) Account
    A company’s sales revenues and expenses over a period, providing a calculation of profits or losses during that time.
  • Why Accounting Needs To Be More Business-Centric
    by Andrew Howie
    There is no doubt that the thrust of IFRS is complicating accounting for companies and making it more complex and more detailed. For the ordinary man in the street, it is making company accounts less easy to understand. The bottom line is that it is costing businesses more money to produce accounts than it used to, and this additional spend is not necessarily generating more clarity. So why are we doing it? This question is very difficult to...

Definitions of ’accounting principles’ and meaning of ’accounting principles’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’accounting principles’ and other financial terms with our online QFINANCE Financial Dictionary.

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