ACCCOB1 Accounting Pr Study guides, Class notes & Summaries

ACCCOB1 Accounting Principles Questions With Answers Verified 100% GAAP - ANSWER Generally Accepted Accounting Principles. The standards and rules that accountants follow while recording and reporting financial activities. It encompasses the procedures accepted in the accounting process. IASB - ANSWER International Accounting Standards Board. They actively develop and issue accounting standards that will to be followed internationally. Its purpose is to narrow down the differen...