BUS 591 Week 1 DQ 1 Generally Accepted Accounting Principles (G.A.A.P.).

1
BUS 591 Week 1 DQ 1 Generally Accepted Accounting
Principles (G.A.A.P.).  Generally Accepted
Accounting Principles (G.A.A.P.). Briefly discuss
Generally Accepted Accounting Principles or
G.A.A.P. What are they? What is their purpose?
Name the U.S. and international standard-setting
bodies that established these principles. Are all
companies required to follow these principles?
Why or why not? Your answer should illustrate
understanding of generally accepted accounting
principles and their international counterpart.
Respond to at least two of your classmates
posts. Check this A tutorial guideline
at http//www.assignmentcloud.com/BUS-591-ASH/BUS-
591-Week-1-DQ-1-Generally-Accepted-Accounting-Prin
ciples For more classes visit http//www.assignme
ntcloud.com