Week 3

The question needs to be answered with an initial post of at least 250 words.   

List and briefly describe the five major generally accepted accounting principles (GAAP) that accountants must consider when presenting financial accounting information.

Instructions: Your initial response should have extensive words. Reply to at least two of your classmates.  Replies to classmates should include direct questions. In-text citations and references may be in APA format but is NOT required.