A Basic Understanding Of Accounting In The UK

A Basic Understanding Of Accounting In The UK - Free download as PDF File (.pdf), text file (.txt) or read online for free. UK accountancy is somewhat different from American accountancy, in that there are more regulatory standards for accounting in the UK than in America. In America, companies must follow the Generally Accepted Accounting Principles (GAAP) set down by the Financial Accounting Standards Board. The UK uses the generally accepted accounting principles as a standard for accounting in UK companies. However, there are other guidelines accountants in the UK must consider.

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