Enterprise glossary and term center
Research and understand all the intricate terms and definitions that surround the ecosystem of enterprise resource planning (ERP), enterprise software and no-code tools.
- Enterprise terms
- Generally Accepted Accounting Practices
- What are the 5 generally accepted accounting principles?
Generally Accepted Accounting Practices - What are the 5 generally accepted accounting principles?
Understanding GAAP. 1.) Principle of Regularity. ... 3.) Principle of Sincerity. ... 4.) Principle of Permanence of Methods. ... 5.) Principle of Non-Compensation. ... 6.) Principle of Prudence. ... 7.) Principle of Continuity. ... 8.) Principle of Periodicity. ... 9.) Principle of Materiality / Good Faith.