Principles Based Accounting and Accounting Concepts

Abstract: This 4 page paper looks at the use of concepts in principles based accounting frameworks. The first part of the paper considers why concepts are important within a principles based framework, their important in harmonization of accounting standards, how they may be more important to certain groups of stakeholders, and presence of cross cutting issues. The bibliography cites 2 sources.

Filename: TEprinbased.rtf

Pages: 4

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Catagory: Money & Banking / Corporate Finance

Subcatagory: Accounting & Personal Finance

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