MPA 501 Accounting Principles
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Accounting Principles are rules and guidelines that a company must follow in reporting their financial data. Some of the critical accounting principles which students are expected to learn in this course include:
- Revenue recognition and period principles
- Monetary unit and reliability principles
- Full disclosure and economy entity principles
- Materiality and matching principles
- Consistency and conservatism principles
- Cost and accrual principles
- Going concerned and matching principles.
Proper knowledge in this MPA 501 Accounting Principles helps govern the word of accounting according to the general rules and guidelines. Generally Accepted Accounting Principles (GAAP), standardize and regulate the definitions, assumptions, and methods used in accounting.
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