The development of accounting concepts and principles is closely related to the economic growth of the United States, as businesses grew in size, and outsiders increased their demand for financial information. Accounting principles focus on the users of accounting information. Principles have developed over a long period of time, and are continuously subject to revision as information needs change. It is the responsibility of accounting professionals, teachers and accounting organizations to keep accounting principles up-to-date, relevant and useful.
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THE DEVELOPMENT OF CONCEPTS AND PRINCIPLES
- Front Matter
- Body Matter
- Back Matter