1. The accepted principle was that you should not define your cause before starting the revolution. 2. This has led to a departure from the generally accepted principle of state funding for educational projects. 3. And the manner by which the U.S. government keeps its books would defy rational analysis by the best accountants using the generally accepted principles of their craft. 4. But he said technology companies have a good bit of leeway to interpret generally accepted accounting principles, and are often aggressive about using it. 5. Companies can follow generally accepted accounting principles to the letter while presenting a flattering picture of their actual financial situation. 6. For example, Meyercord says the company would put products out on consignment and count them as sales -- a violation of generally accepted accounting principles. 7. In preparation for the sale, ACES has begun to publish its financial statements in accordance with generally accepted accounting principles in the United States, Posada said. 8. It was assumed to be correct largely because it seemed to work, not because it had been constructed from universally accepted first principles. 9. Jenson said the company reports its results in accordance with generally accepted accounting principles. 10. KPMG did say the company had run afoul of generally accepted accounting principles, and Xerox adjusted its consolidated financial statements for the last three years. |
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