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	accounting first asignment
	... By looking at Generally Accepted Accounting Principles and current assets and liabilities vs. ... Generally Accepted Accounting Principles (GAAP) is a broad term used to describe a set of principles and guidelines that governs the accounting and financial transactions of a company in the preparation of a set of financial statements. These principles and guidelines are derived from a variety of sources including the Financial Accounting Standards Board (FASB) and American Institute of Certified Public Accountants (AICPA). The FASB was formed in 1973 and has been designated the responsibility for establishing standards of financial accounting and reporting. ... The net cash from operation provides a full accounting of the companies worth. Approximate Word count = 965 Approximate Pages = 3.9 (250 words per page double spaced)

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