Accounting principals and how important they are to financial structure.
What Are Accounting Principles?
Accounting principles are the rules and guidelines that companies must follow when reporting financial data. The Financial Accounting Standards Board (FASB) issues a standardized set of accounting principles in the U.S. referred to as generally accepted accounting principles (GAAP).
What is GAAP?
GAAP is the abbreviation for Generally Accepted Accounting Principles, a widely accepted standard set of accounting principles, concepts, and rules companies are required to follow in the preparation of their financial statements.
In order to enable investors, creditors, and lenders to properly compare and analyze the financial results of companies, financial statements must disclose similar information in a similar format.
GAAP is an international framework and convention of acceptable accounting practices, observed by accountants when recording and presenting a company’s financial statements.
I'm very happy with the Company Registration services that MBS offered us recently. I highly recommend MBS. Not only were they fast and efficient but also very professional and kept me constantly updated with progress of the many registrations that they did.
Claudette Shepherd A Year Ago
MBS accounting service offered my husband and me excellent service and come highly recommended. They assisted us with de-registration from SARS and made a complicated process, due to the fact that we weren't in SA anymore, smooth and easy. They followed up and were very accommodating with every step of the process. Great value for money.
Senzo Xulu A Year Ago
Super proffessional team. They give you guided support, which ensures that you choose the appropriate level of services for your business. From a distance you pick that they are a systems driven with attention to details. Special thanks to Dylon.
Selected Studios A Year Ago
Brilliant services and Effects to help my business out ☝️
reece stander A Year Ago
Dylon from MBS had offered me a list of incredible services and I couldn’t help but do my registration of my business through them due to there lighting fast services, informative employees as well as just helping in any convenient way possible
Vida Pretorius A Year Ago
Thank you Dylon so much for the quick and efficient service we received,
Steve Quirk A Year Ago
Fantastic!I would personally like to thank Dylon for helping me register my company and being so professional about it. Not only was he professional but he was definitely fast.As soon as you enter the webpage you get a message from him letting you know that he is there to help. He responded to my message within minutes and I was on the right track .Dylon keep up the hard work and I will look forward to using MBS services for all my business needs .
EE Marketing 5 Months Ago
Excellent Service delivery and customer support, very helpful team and extremely professional
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Profesional and trustworthy as well as helpful.
Taryn van Niekerk 2 Months Ago
Thank you to MBS Accounting Services for assisting with my company registration. They made - what seemed like a daunting task - a streamlined, convenient and pleasant adventure. A big thanks to Dylon who offered friendly, punctual and efficient service throughout.