The length of validity for U.S. passports depends on the age of the passport holder when the passport was obtained and the type of passport issued.
What are 'Generally Accepted Accounting Principles - GAAP'. Generally accepted accounting principles (GAAP) are a common set of accounting principles, standards and procedures that companies must follow when they compile their financial statements.
Explain the meaning of accounting. 2. Identify the users and uses of accounting. 3. Understand why ethics is a fundamental business concept. 4. Explain the meaning of generally accepted accounting principles and the cost principle. 5. Explain the meaning of the monetary unit assumption and the economic entity assumption.