This storyboard does not have a description.
Today we are going to learn about GAAPS! The time period concept is very important when accounting.
It is very important that when accounting, you have a consistent fiscal period.
But what happens if you do not follow the rules of GAAP?
If you do not follow the rules of GAAP then that is called a violation.
What is considered a violation?
A violation is when you do not honour the GAAP. For example if you are not consistent with your fiscal periods, then you are violating the time period concept.
Explore Our Articles and Examples
Try Our Other Websites!
Photos for Class
– Search for School-Safe, Creative Commons Photos (It Even Cites for You!
– Easily Make and Share Great-Looking Rubrics
– Create Custom Nursery Art