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Accounting Principle

Definition of the noun accounting principle

What does accounting principle mean as a name of something?


  1. a principle that governs current accounting practice and that is used as a reference to determine the appropriate treatment of complex transactions

Printed dictionaries and other books with definitions for Accounting Principle

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Google previewThe American Business and Accounting Encyclopaedia (1904)

A Standard Reference Work for Business Men and Accountants, Profusely Illustrated with Many Special Forms, Tables and Diagrams Never Before Published

Accounting Principle 2. Purchasers and others will be far more ready to inspect as a rule actually proved costs of factory assets, as a basis of value, than estimated costs; and there is nothing so suspicious as estimates in such cases. The most ...

Google previewDictionary of International Accounting Terms (2001)

by John Owen Edward Clark

cost principle Accounting principle which requires that assets be recorded at acquisition or historical cost minus accumulated amortization.

Google previewA Dictionary of Accounting (2010)

by Jonathan Law

The accounting principle that the financial information provided by a company should (a) be of such a nature that it is capable of influencing the - decisions of users of that information, and (b) be provided in time to influence r those decisions.

Google previewEncyclopedia of White-Collar & Corporate Crime (2004)

by Lawrence M. Salinger

For example, the FASB may examine whether there are stark differences in how an issue is being handled and determine that the issue is of such importance that all users should be applying the accounting principle in a similar manner.

Google previewThe Dictionary of International Business Terms (2013)

by Jae K. Shim, Joel G. Siegel, Marc H. Levine

However, no real effort was made to establish accounting principle uniformity at this conference. At the Tenth International Congress of Accountants, held in Sydney Australia (1972), two new organizations were established to deal more ...

Google previewEncyclopedia of Sports Management and Marketing (2011)

by Linda E. Swayne, Mark Dodds

Historical cost is a generally accepted accounting principle requiring all financial statement items be based upon original cost. Historical cost means what it cost the company for the item; it is not fair market value. This means that if a company ...

Google previewMacmillan Dictionary of Business and Management (1987)

by Richard Lamming, John Bessant

An accounting principle covered by both EEC and UK law (e.g. the British Companies Act 1985) which requires that all income and expenditure over a financial year shall be included in the accounts, irrespective of when it was received or ...

Google previewA Dictionary of Finance and Banking (2008)

by Jonathan Law, John Smullen

understandability The accounting principle that the financial information provided by a company should be such that its significance is capable of being perceived by a person with a reasonable knowledge ofbusiness and accounting and a ...

Google previewEncyclopedia of Quantitative Risk Analysis and Assessment (2008)

by Edward L. Melnick, Brian S. Everitt

showed, however, that the independence axiom is not violated for risk judgments, but that the culprit is the so-called probability accounting principle (see [29]). These findings cast doubt on any perceived-risk models ...

Google previewA Dictionary of Business and Management (2016)

by Jonathan Law

comparability The accounting principle that financial information for a company should be comparable with financial information for other similar companies. Comparability is one of the most ...

Google previewDictionary Of Investment Management (1999)

by K.C.S. Ranganayakulu

(Generally accepted accounting principle). Act of accounting principles to be followed in preparing accounting statements. GOODNAMES. Recognized names in which American and Canadian shares can be registered for delivery without ...

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