accounting principle


accounting principle
noun
a principle that governs current accounting practice and that is used as a reference to determine the appropriate treatment of complex transactions
Hypernyms: ↑principle

Useful english dictionary. 2012.

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  • principle — prin‧ci‧ple [ˈprɪnspl] noun 1. [countable, uncountable] a moral rule or set of ideas that makes you behave in a particular way: • The single European market works on market principles. • As a matter of principle (= a rule that is very important …   Financial and business terms

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  • Accounting Change — A change in accounting principles, accounting estimates, or the reporting entity. A change in an accounting principle is a change in a method used, such as using a different depreciation method or switching from LIFO to FIFO. An example of an… …   Investment dictionary

  • accounting standard — noun a principle that governs current accounting practice and that is used as a reference to determine the appropriate treatment of complex transactions • Syn: ↑accounting principle • Hypernyms: ↑principle • Member Holonyms: ↑generally accepted… …   Useful english dictionary

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  • accounting concepts — accounting principles; fundamental accounting concepts The basic theoretical ideas devised to support the activity of accounting. As accounting developed largely from a practical base, it has been argued that it lacks a theoretical framework.… …   Big dictionary of business and management

  • accounting concepts — accounting principles; = fundamental accounting concepts The basic theoretical ideas devised to support the activity of accounting. As accounting developed largely from a practical base, it has been argued that it lacks a theoretical framework.… …   Accounting dictionary

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  • principle — prin|ci|ple W1S3 [ˈprınsıpəl] n ▬▬▬▬▬▬▬ 1¦(moral rule)¦ 2¦(idea behind something)¦ 3 in principle 4¦(rules of a process)¦ ▬▬▬▬▬▬▬ [Date: 1300 1400; : French; Origin: principe, from Latin principium beginning , from princeps; PRINCE] 1.) …   Dictionary of contemporary English