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:
“There’s one basic rule you should remember about development charts that will save you countless hours of worry.... The fact that a child passes through a particular developmental stage is always more important than the age of that child when he or she does it. In the long run, it really doesn’t matter whether you learn to walk at ten months or fifteen months—as long as you learn how to walk.”
—Lawrence Kutner (20th century)
“Germany collapsed as a result of having engaged in a struggle for empire with the concepts of provincial politics.”
—Albert Camus (1913–1960)