The University of North Georgia Press and Affordable Learning Georgia bring you Principles of Managerial Accounting. Well-written and straightforward, Principles of Managerial Accounting is a needed ...

An example of a change in accounting principles occurs when a company changes its system of inventory valuation, perhaps moving from LIFO to FIFO.

Drexel University's financial accounting policies and procedures follow the generally accepted accounting principles of Fund Accounting as prescribed by the National Association of College and ...

The expense recognition principle is a concept in accounting outlining when a business should recognize its expenses. Learn how it works.

Generally accepted accounting principles — or GAAP (pronounced “gap”) for short — are a group of accounting standards that are used to prepare financial statements for companies, not-for ...