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Number of Pages 4
4 pages in length. Stagnancy and interpretation are two elements that have no place within the fundamentally stringent nature of accounting procedures, yet typical standards have reflected precisely this approach to the conceptual aspect of principles-based methods. The extent to which Enron and WorldCom helped to redefine accounting procedures is both grand and far-reaching; that the industry has moved away from a principles-based to a rules-based approach speaks to fortifying the former with two integral - and wholly absent - components. Bibliography lists 4 sources.
File: LM1_TLCAccountPrin.rtf
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