Accounting Practice
Barron's Accounting Dictionary:
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Accounting Practice
Manner in which accountants and auditors carry out their daily work. It is the day-to-day implementation of accounting policies. Accounting practice relates to the practical application of accounting to the financial accumulation and reporting needs of clients. Practice may differ from accounting theory.
| Accounting Postulate, Accounting Policies, Accounting Period | |
| Accounting Principles, Accounting Principles Board (APB), Accounting Procedure |
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Accounting Practice
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Barron's Accounting Dictionary
Dictionary of Accounting Terms. Copyright © 2010 by Barron's Educational Series, Inc. All rights reserved.
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Mentioned in
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(business term)
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keep posted
(Idiom)
Generally Accepted Accounting Principles (GAAP)
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