Blue Medicare PPO â a popular Medicare Advantage plan in Florida. Some Counties in Florida have a couple dozen Medicare plans to choose from. Competition is fierce for some plans with name recognition to attract new members. Name recognition is one problem Blue Cross does not have.
What are 'Accounting Principles'. Accounting principles are the rules and guidelines that companies must follow when reporting financial data. The common set of U.S. accounting principles is the generally accepted accounting principles (GAAP).
Tax accounting is governed by the Internal Revenue Code which dictates the specific rules that companies and individuals must follow when preparing their tax returns. Accounting methods that focus on taxes rather than the appearance of public financial statements. Tax accounting is governed by the Internal Revenue Code which dictates the specific rules that companies and individuals must follow when preparing their tax returns. Tax principles often differ from generally accepted accounting principles. BREAKING DOWN 'Tax Accounting' The purpose of accounting is to track funds associated with an individual or business. Balance sheet items can be accounted for differently when preparing financial statements and tax payables.