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What (who) is accounting principles - definition

THE SPECIFIC ACCOUNTING DISCIPLINE FOLLOWED (IFRS, US GAAP, CHINESE AS, FRANCE GAAP, GERMANY GAAP, RUSSIAN GAAP, UK GAAP, ETC.)

Standard accounting practices; Generally accepted accounting practice; Generally accepted accounting principles; Accounting practice; Generally Accepted Accounting Practises; Generally Accepted Accounting Practices; Generally accepted commercial accounting principles; Accounting Standards; Accounting standards; Accounting Standard; Generally Accepted Accounting Principles; Standard accounting practice

Accounting standard

Publicly traded companies typically are subject to rigorous standards. Small and midsized businesses often follow more simplified standards, plus any specific disclosures required by their specific lenders and shareholders.

https://en.wikipedia.org/wiki/Accounting_standard

Accounting Principles Board

FORMER AUTHORITATIVE BODY OF THE AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS

AICPA Accounting Principles Board

The Accounting Principles Board (APB) is the former authoritative body of the American Institute of Certified Public Accountants (AICPA). It was created by the American Institute of Certified Public Accountants in 1959 and issued pronouncements on accounting principles until 1973, when it was replaced by the Financial Accounting Standards Board (FASB).

https://en.wikipedia.org/wiki/Accounting_Principles_Board

Russian Accounting Standards

ACCOUNTING AND REPORTING STANDARDS IN RUSSIA

Russian Accounting Principles; Russian GAAP

Russian Accounting Standards (RAS; ), also called Russian Accounting Principles (RAP) or Russian GAAP, refer to the body of regulatory documents concerning financial accounting and reporting standards in the Russian Federation.

https://en.wikipedia.org/wiki/Russian_Accounting_Standards

Wikipedia

Accounting standard

Publicly traded companies typically are subject to rigorous standards. Small and midsized businesses often follow more simplified standards, plus any specific disclosures required by their specific lenders and shareholders. Some firms operate on the cash method of accounting which can often be simple and straight forward. Larger firms most often operate on an accrual basis. Accrual basis is one of the fundamental accounting assumptions and if it is followed by the company while preparing the Financial statements then no further disclosure is required. Accounting standards prescribe in considerable detail what accruals must be made, how the financial statements are to be presented, and what additional disclosures are required.

Some important elements that accounting standards cover include: identifying the exact entity which is reporting, discussing any "going concern" questions, specifying monetary units, and reporting time frames.

https://en.wikipedia.org/wiki/Accounting standard

Examples of use of accounting principles

1. The earnings were reported to U.S. generally accepted accounting principles.

2. The company‘s financial results were calculated to U.S. generally accepted accounting principles standards.

3. The forecast is based on U.S. accounting principles, said Soldatenkov, without giving a profit estimate. (Bloomberg) «

4. The results were reported under U.S. generally accepted accounting principles, Interfax said.

5. Sales fell to $1.12 billion, from $1.27 billion, under U.S. generally accepted accounting principles.