GAAP: Generally Accepted Accounting Principles [Full Guide]
Learn GAAP, it’s principles, rules, and assumptions that guide accounting practices. GAAP is the accepted accounting principles for accounting consistency.
B. Accounting Basics
4 Accounting Assumptions
Learn the 4 fundamental accounting assumptions: business entity, money measurement, going concern, and accounting period.
6 Constraints of Accounting: Cost-Benefit, Materiality, Consistency, Conservatism, Timeliness, & Industry Practice
Discover the 6 key constraints of accounting: cost-benefit, materiality, consistency, conservatism, timeliness, and industry practice.
5 Accounting Principles
Learn the essential accounting principles: revenue recognition, historical cost, matching, full disclosure, and objectivity.