Explain the following generally accepted accounting

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Reference no: EM13388029

Explain the following Generally Accepted Accounting Principles (GAAP):

a. Going concern

b. Conservatism

c. Matching

d. Cost

e. Objective evidence

f. Materiality

g. Consistency

h. Full disclosure

Explain several implications of IFRS on financial reporting by health care organizations.

Reference no: EM13388029

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