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:
“The basic rule of human nature is that powerful people speak slowly and subservient people quickly—because if they don’t speak fast nobody will listen to them.”
—Michael Caine [Maurice Joseph Micklewhite] (b. 1933)
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