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:
“It is not an exaggeration to say that play is as basic to your child’s total development as good food, cleanliness, and rest.”
—Joanne E. Oppenheim (20th century)
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—William James (1842–1910)