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Generally accepted accounting principles

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Reference no: EM132816524

-Identify ways in which each of the pieces of legislation that relate to financial management and summarize their key impacts upon you in providing financial management of a company group.

-Explain the purpose of each of the Generally Accepted Accounting Principles (GAAP) applied during the financial management process

  • Conservatism principle
  • Consistency principle
  • Cost principle
  • Economic entity principle
  • Full disclosure principle
  • Going concern principle -
  • Matching principle 
  • Materiality principle -
  • Monetary unit principle 
  • Reliability principle 
  • Revenue recognition principle 
  • Time period principle

- Define the term a "financial model" and discuss what makes the three common types of good financial model the preferred options.

Reference no: EM132816524

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