Accounting Concepts - Sinhgad Technical Education Society

Accounting Concepts

In order to maintain
uniformity and consistency in preparing and maintaining books of accounts,
certain rules or principles have been evolved. These rules/principles are
classified as concepts and conventions. These are foundations of preparing
and maintaining accounting records. In this lesson we shall learn about
various accounting concepts, their meaning and significance.

Accounting - Carleton University

Social accounting examines ways in which economic, social and environmental 

value can be captured and communicated. Building on traditional accounting 

principles, the Expanded Value Added Statement (EVAS) is an innovative tool 

to account for economic, social, and environmental factors.

Basic Accounting

Accounting is a systematic method (it follows rules) of recording the economic transactions of a

business so that the information can be used by both insiders (owners and managers) and

outsiders (investors, suppliers and creditors) to make financial decisions.