Task:
My up coming assignment is a Generally Accepted Accounting Principles Paper. This is my first accounting class and I am needing your expert assistance with the following:
Write a paper in which you discuss generally accepted accounting principles relating to health care.
Include a brief description of each principle and the intention behind the principle.
Relate each principle to health care.
From the research I have done thus far I have read about the following principles. I have found them to be the most common:
Entity concept
Going-concern concept
Matching principle and cash vs accrual accounting
Cost principle
Objective evidence
Materiality
Consistency
Full disclosure