Generally Accepted Accounting Principle (GAA)

2.01  Meaning and Nature of Generally Accepted Accounting Principles

2.02  Accounting Concepts

  2.02.01    Going Concern Concept

  2.02.02   Accrual Concept

  2.02.03    Consistency Concept

  2.02.04    Money Measurement Concept

  2.02.05    Dual Aspect Concept

  2.02.06    Accounting Period or Periodicity Concept

2.02.07     Matching Concept

2.02.08     Realisation Concept

  2.02.09     Business Entity Concept

  2.02.10     Materiality Concept

  2.02.11     Conservatism or Prudence Concept

  2.02.12     Concept of Full Disclosure

  2.02.13     Historical Cost Concept 

  2.02.14     Objective Evidence Concept

2.03    Accounting Standards

2.04    Accounting Standards Issued by the ICAI