ACCOUNTING PRINCIPLE

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

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

Synonyms:

accounting principle; accounting standard

Classified under:

Nouns denoting cognitive processes and contents

Hypernyms ("accounting principle" is a kind of...):

principle (a rule or standard especially of good behavior)

Holonyms ("accounting principle" is a member of...):

GAAP; generally accepted accounting principles (a collection of rules and procedures and conventions that define accepted accounting practice; includes broad guidelines as well as detailed procedures)

Credits

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