BUS 591 Week 1 DQ 1 Generally Accepted .pdf
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BUS 591 Week 1 DQ 1 Generally Accepted
Accounting Principles (G.A.A.P.).
Check this A+ tutorial guideline at
Generally Accepted Accounting Principles (G.A.A.P.). Briefly discuss Generally Accepted
Accounting Principles or G.A.A.P. What are they? What is their purpose? Name the U.S.
and international standard-setting bodies that established these principles. Are all
companies required to follow these principles? Why or why not?
Your answer should illustrate understanding of generally accepted accounting principles
and their international counterpart. Respond to at least two of your classmates’ posts.
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