a principle that governs current accounting practice and that is used as a reference to determine the appropriate treatment of complex transactions
English language
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accounting principle::noun | Spocien Dictionary
| Type | Words |
|---|---|
| Synonyms | accounting standard |
| Type of | principle |
Examples of accounting principle
accounting principle
The Company's preferred stock is classified outside of permanent equity pursuant to an accounting principle that dictates such treatment.
From the foxbusiness.com
The study questions the sufficiency of the territorial accounting principle in an international climate regime in which only some regions have emission restrictions.
From the sciencedaily.com
The new rules, which will be published next week, broaden an existing exception to the basic accounting principle that an asset is worth the price that a buyer is willing to pay.
From the washingtonpost.com
Because of the matching principle of accounting, revenues and expenses should be recorded in the period in which they are incurred.
From the en.wikipedia.org
In a 2011 report on the late-2000s financial crisis, the British House of Lords bemoaned the demotion of prudence as a governing principle of accounting and audit.
From the en.wikipedia.org
In principle, fair-value accounting makes a firm's viability plainer and enables shareholders and regulators to spot financial trouble more quickly.
From the economist.com
That would be better than questioning the whole principle of mark-to-market accounting, as some banks are doing.
From the economist.com
This principle is certainly true for money and it is the basis for national income accounting.
From the en.wikipedia.org
Over the years, I've seen any number of accounting disasters, ranging from Enron to subprime mortgages, where that simple principle was ignored.
From the nytimes.com
