The Better Bookkeeper Podcast

Ep 13 - GAAP Part 1 of 2

February 11, 2021 Patrick Donovan Episode 13
The Better Bookkeeper Podcast
Ep 13 - GAAP Part 1 of 2
Show Notes

GAAP stands for Generally Accepted Accounting Principles and are what accounting professionals abide by when recording transactions and generating financial statements. In this episode, Patrick talks about a few of these including the Economic Entity Assumption, Going Concern, Cost Principle, Accrual Method, and the Matching Principle.