Basic Concepts
To achieve basic objectives and implement fundamental qualities GAAP has four basic assumptions, four basic principles, and four basic constraints.
Read more about this topic: Generally Accepted Accounting Principles (United States)
Famous quotes containing the words basic and/or concepts:
“I fly in dreams, I know it is my privilege, I do not recall a single situation in dreams when I was unable to fly. To execute every sort of curve and angle with a light impulse, a flying mathematics—that is so distinct a happiness that it has permanently suffused my basic sense of happiness.”
—Friedrich Nietzsche (1844–1900)
“Germany collapsed as a result of having engaged in a struggle for empire with the concepts of provincial politics.”
—Albert Camus (1913–1960)