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Definition of Accounting principle
1. Noun. A principle that governs current accounting practice and that is used as a reference to determine the appropriate treatment of complex transactions.
Generic synonyms: Principle
Group relationships: Gaap, Generally Accepted Accounting Principles
Lexicographical Neighbors of Accounting Principle
Literary usage of Accounting principle
Below you will find example usage of this term as found in modern and/or classical literature:
1. The Accounting Profession: Appendixes to Major Issues: Progress and Concerns by Donald H. Chapin, Robert W. Gramling (1996)
"The guidance in SAS 5 for evaluation of financial statements should be expanded
when no established accounting principle is prescribed for a specific ..."
2. Civil Service Retirement and Disability: 1994 Annual Report of the U. S by DIANE Publishing Company (1996)
"D. Change In accounting principle Prior to this reporting period, ... The cumulative
effect of this change in accounting principle ($5.25 million) is ..."
3. Insurance Regulation and Supervision in Latin America: A Comparative Assessment by OECD Staff, Oecd, Yasumasa Tahara (2003)
"... Mexican Institute of Public Accountants issues an applicable accounting
principle, it replaces the IAS principle that served as a temporary supplement. ..."
4. Modern Accounting, Its Principles and Some of Its Problems by Henry Rand Hatfield (1909)
"Some of the cases in which difficulties arise are therefore of importance to the
accountant even though there may be no really vital accounting principle at ..."
5. 20th Century Bookkeeping and Accounting: A Treatise on Modern Bookkeeping by James Williams Baker (1918)
"... which is contrary to the accounting principle that each account is either a
nominal or a real account; (d) it requires an analysis of the account in ..."
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