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Generally Accepted Accounting Principles (GAAP), area a framework of accounting standards, rules, and procedures that are widely accepted and universally practiced. GAAP provides a standard set of guidelines and best practices for financial reporting, ensuring consistency and comparability across different organizations and industries.    describe  two of the principles/standards under GAAP , what is the importance of these principles/standards.  what is is your pathway and discuss how GAAP may affect companies within your pathway,

Generally Accepted Accounting Principles (GAAP), area a framework of accounting standards, rules, and procedures that are widely accepted and universally practiced. GAAP provides a standard set of guidelines and best practices for financial reporting, ensuring consistency and comparability across different organizations and industries.    describe  two of the principles/standards under GAAP , what is the importance of these principles/standards.  what is is your pathway and discuss how GAAP may affect companies within your pathway,

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter3: Analyzing And Recording Transactions
Section: Chapter Questions
Problem 6MC: The standards, procedures, and principles companies must follow when preparing their financial...
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Generally Accepted Accounting Principles (GAAP), area a framework of accounting standards, rules, and procedures that are widely accepted and universally practiced. GAAP provides a standard set of guidelines and best practices for financial reporting, ensuring consistency and comparability across different organizations and industries. 

 

describe  two of the principles/standards under GAAP , what is the importance of these principles/standards. 

what is is your pathway and discuss how GAAP may affect companies within your pathway,

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