Ch 1: Accounting Principles & Standards

About This Chapter

If you need to review accounting principles and standards for an exam or assignment, look no further than this convenient online accounting chapter. You'll review bite-sized lessons, take practice quizzes and enhance your overall accounting knowledge.

Accounting Principles & Standards - Chapter Summary

Check out these simple accounting lessons to review basic accounting principles and standards. You can expect to review the Generally Accepted Accounting Principles as well as the functions and history of the Governmental Accounting Standards Board. If you have any questions about these principles/standards, you can easily reach out to our expert accounting instructors online. The chapter also comes with interactive self-assessment quizzes to help you retain your understanding of the material. When you're finished, you'll be able to:

  • Identity and explain the Generally Accepted Accounting Principles (GAAP)
  • Evaluate the role and history of the Governmental Accounting Standards Board (GASB)
  • Assess the impact of the GASB on financial reporting
  • Interpret GASB statements
  • Explain how the GASB and the FASB treat different types of organizations

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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