Differing types of accounting exist since companies have distinctive monetary requires. Such as, public firms are required by law to implement Generally Acknowledged Accounting Rules (GAAP), though private providers might use any accounting approach that fits their desires. As per Smith and Ashburne, “Accounting is the science of recording and https://pm-accounting15825.blog5star.com/33825321/not-known-factual-statements-about-big-4