财务会计英语专题课件.ppt

1-* 1.4 Accounting Conventions Accounting conventions arise from practical matters and will inevitably encompass human judgments, human interactions, and compromises. 不可避免地包含人类的判断、人们之间的相互影响以及折中处理 Generally Accepted Accounting Principles known as GAAP are the commonly understood and accepted conventions for gathering, organizing, and reporting the financial history of an organization in USA. 1-* 1.4.1 Nature of Accounting Conventions Generally GAAP applies to one or more of the following three broad areas: Accounting Valuation Recognition Disclosure 1-* Accounting Valuation A