Accounting principles & plicies

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Financial Accounting
0 hour 20 min
29 April 2021
30 MB
Questions solving is available
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Elirehema

I am Elirehema , i love teaching accounting courses to anyone who is interested to learn from me, i do online and offline.
Accounting principles are the general rules and guidelines that companies are required to follow when reporting all accounts and financial data.


Why are accounting principles important?

The purpose of having - and following - accounting principles is to be able to communicate economic information in a language that is acceptable and understandable from one business to another. Companies that release their financial information to the public are required to follow these principles in preparation of their statements.

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