American Generally Accepted Accounting Principles (US GAAP) reveals a striking theoretical similarity between the two … defines 10 accounting elements and, apart from three (assets, liabilities and equity), none are directly comparable to the …

Financial accounting has been playing an important role in the economic system in the USA, since it has been supporting … accounting information about accounting entity to its users who do not take direct part in its management. Reliability of … information is secured by generally accepted accounting principles (GAAP). Their publication is carried out by Financial …

The article deals with the process of European accounting harmonisation. The process of European accounting … harmonisation is divided into several historical phases including an overview of EC regulations on accounting. Description of the … process of implementation of International Accounting Standards into the European law system, known as endorsement mechanism …

This exposition focused to some basic problems by definition of the microeconomic (and accounting) category "revenue … accounting performances, in the first place, income statements. As canonic texts was make use of directives EU, International … Accounting Standards, Financial Accounting Standards in USA and Czech law. Theoretically compared are the functions of revenue …

major accounting principles - IAS/IFRS and US GAAP. Both of the principles address following issues: * initial recognition …/FRS and USGAAPquestions have arisen which of the approaches should be taken as a crucial one for world accounting principles …

Reporting Standards (IFRS / IAS) and American Generally Accepted Accounting Principles (US GAAP). Both systems define the … accounting professions with challenge of historic proportion, a challenge such scope and magnitude that it has no modern day …