Principle of prudence: All financial data is reported as it currently is, without any speculation.This is done without the expectation of debt compensation. Principle of non-compensation: Your accountant will report all financial information transparently – outlining both the positives and negatives.Principle of permanence of methods: There should always be a focus on consistency in the methods used during the accounting process.Principle of sincerity: Your accountant will provide an impartial and accurate view of your company’s financial situation.If your accountant needs to make a change, they will disclose why in the footnotes. This consistency makes it easier to avoid errors and ensure financial comparability.
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