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Accounting Revenue Governance

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Accounting Revenue Governance



Accounting Revenue Governance

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Accounting Revenue Governance

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The concept of Accounting Revenue Governance suggests that financial accounting standards serve the purpose of systematically measuring economic activity in a uniform and consistent manner. Accounting standards are part of a body of rules and principles commonly referred to as Generally Accepted Accounting Principles (GAAP). GAAP, as promulgated by the Financial Accounting Standards Board (FASB), are developed using a conceptual framework called due process. The FASB uses a set of due process procedures to ensure that the interests of its constituents are ...
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