Virtual training of accounting principles: The basic and basic accounting framework is first formed by assumptions. It is then implemented by accounting principles. The rules and guidelines for measuring, recording, classifying, and reporting the results of transactions and events that have a financial impact on an entity are called accounting principles. It is the principles of accounting that determine how to measure and determine profits and how the financial condition of an institution.
Accounting principles are a set of general rules and guidelines that companies must follow when reporting all accounts and financial statements. However, there are currently no universally accepted accounting principles. But many accounting frameworks define standard accounting principles.
It is the general rules and regulations that are accepted by a larger group of experts, and are practically guided by them. Without following these criteria, accounting operations and their results will not have a common meaning for those interested. If each accountant, based on his taste, undertakes accounting operations, maintaining accounts, and preparing accounts, his work will not be of sufficient use to others. And it will not be possible to compare the results of the financial activities of an institution in different financial cycles and the accounts of similar institutions with each other.
Virtual training courses on accounting principles:
Prerequisites of Accounting Principles Training Course: