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The Fundamental Accounting Principles
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I give an overview of the fundamental accounting principles. These are principles that professional accountants must adhere to.
These are quite vague, hence why they are known as principles. However, they refer to some very important concepts that can be used against accountants if not adhered to.
Our principles are integrity, objectivity, professional competence and due care, professional behaviour, and confidentiality.
Check out the Accounting playlist for more videos like this!
Subscribe for more videos looking at everything to do with the subject of economics. Put suggestions for video ideas in the comments section below and any feedback offered would be greatly appreciated.
These are quite vague, hence why they are known as principles. However, they refer to some very important concepts that can be used against accountants if not adhered to.
Our principles are integrity, objectivity, professional competence and due care, professional behaviour, and confidentiality.
Check out the Accounting playlist for more videos like this!
Subscribe for more videos looking at everything to do with the subject of economics. Put suggestions for video ideas in the comments section below and any feedback offered would be greatly appreciated.
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