By the accepted standards of the industry, financial accounting consists of five basic elements. When you prepare financial records, each activity will touch at least one of these elements.

However, all businesses should be familiar with these five basic accounting principles: International Financial Reporting Standards (IFRS) is a set of accounting principles designed for publicly ...

The University of North Georgia Press and Affordable Learning Georgia bring you Principles of Managerial Accounting. Well-written and straightforward ... and the safety of our community. Across all ...

However, there are certain basic bookkeeping principles that apply to all acceptable methods of accounting for your business activities. The single-entry and double-entry bookkeeping systems are ...