GAAP for basic principles

موضوع: GAAP for basic principles الجمعة أبريل 30, 2010 7:54 am

principles
1. The historical cost principle requires companies to account and report based on acquisition costs rather than fair market value for most assets and liabilities.
2. The revenue recognition principle requires to record when revenue is realized or realizable and earned, not when cash is received.The way of accounting is called accrual basis accounting.
3. The third principle is the matching principle. Expenses have to be matched with revenues as long as it is reasonable doing so.
4. The last principle is called the full disclosure principle. Amount and kinds of information disclosed should be decided based on trade-off analysis as larger amount of information costs more to prepare and use it. Information disclosed should be enough to make judgement while keeping costs reasonable.

• مبدأ التكلفة التاريخية يتطلب من الشركات ان تقيد على تكلفة الحيازة وليس على القيمة السوقية لمعظم الأصول والألتزامات
• مبدأ ألأستحقاق ينص على تسجيل الأيرادات عند حدوثها وليس عند إستلام النقد
• مبدأ المقابلة هو مقابلة المصاريف مع الأيرادات لما يخص السنة المالية
• مبدأ ألأعتراف او الأفصاح التام بمصاريف .

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