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Accounting : Accounting Concepts and Standards


Accounting and Finance Accounting principles and concepts are a set of rules and broad conventions which aim to provide financial reporting with a fundamental framework. The considerable professional judgements provided by accountants are crucial for financial reporting because they provide a sense of confirmation for all the accounting policies. This unit is a complete guide to understanding the basic accounting principles, accounting framework and various accounting concepts. The aim of this unit is to determine the accounting standards and understand the GAAP (Changing Nature of Generally Accepted Accounting Principles), including a complete examination of the different attempts at standardisation.

SKU: 199363 Category:


Accounting and finance_Accountancy


After completing this course learners will be able to:

  • Understand basic accounting principles
  • Describe the bases of accounting
  • Describe the accounting terminology and equations

Program Content:


Introduction to Accounting Concepts and Standards


  • Accounting Framework
  • Different Accounting Concepts
  • Accounting Standards
  • Changing Nature of Generally Accepted Accounting Principles (GAAP)
  • Various Attempts at Standardisation