Theory Base of Accounting: Accounting Standards, Principles and Systems

The compilation of these Accountancy Notes makes students exam preparation simpler and organised.

Theory Base of Accounting

While Accounting is a practical subject, the theory base of accounting cannot be ignored. It consists of accounting principles, standards, concepts, etc that help us understand the basics of accounting. They also bring uniformity and consistency to the financial statements. Let us understand the theory of accounting.

• Basic Accounting Concepts
• Systems and Basis of Accounting
• Accounting Standards, GAAP and IFRS
• Classification of Accounting