Big Business helps with your accuracy by automating your accounting.
Here are a few principles that apply and may affect controls and results.
Revenue is recognized when it is earned, regardless of when cash is received.
Expenses should be matched with the revenues they help to generate.
Assets are recorded at their purchase price, not their current market value.
Separates the business's financial activities from its owners or other businesses.
Requires that all financial transactions be recorded in a stable currency.