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Accounting Principle

nounid 9778·updated May 18, 2026
verified

a principle that governs current accounting practice and that is used as a reference to determine the appropriate treatment of complex transactions

MWE

Classifications

Entity Type

Unknownauthoritativeglossary_import_default_pending_classifier

Sensitivity

unclassified

Information Class

unclassified

Variants

synonym
accounting standard
plural
Accounting Principles
possessive
Accounting Principle's
pluralpossessive
Accounting Principles'

Framework definitions

Wordset Dictionary1 senseview framework →
§1
a principle that governs current accounting practice and that is used as a reference to determine the appropriate treatment of complex transactions

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