The Convergence with Generally Accepted Accounting Principles
To make the system of accounting, the use of accounting principles came into existence. Different companies had different principles for their betterment. So it was difficult to analyse different financial statements following different standards and principles. To solve this problem the Generally Accepted Accounting Principles (GAAP) were formulated. International Accounting Standard Board has made it mandatory to follow Generally Accepted Accounting Policies. The Generally Accepted Accounting Policies includes three major things; the accounting standards, the accounting principles and the accounting procedures. The companies use the Generally Accepted Accounting Policies to report their financial statements. The standards and principles mentioned in the Generally Accepted Accounting Policies are accepted globally. Almost every country in the world is following the Generally Accepted Accounting Policies. The United States of America is the only country which neither follows neither the Generally Accepted Accounting Policies nor the International Accounting Standard Board. It has its own standards and principles set. The best feature of the Generally Accepted Accounting Principles is that it gives the users of financial statements the benefit of accuracy and consistency. The Generally Accepted Accounting Principles help in better understanding of the financial statements. International Financial Reporting Standards and Generally Accepted Accounting Principles has the main motive of setting high quality standards which would result in maintenance of high quality financial statements.
具有收敛一般公认会计原则
使会计制度，会计准则的使用已经存在。不同的公司有不同的原则，他们的改进。所以很难分析不同的财务报表按照不同的标准和原则。为解决这一问题的一般公认会计原则（GAAP）的制定。国际会计准则理事会已强制遵循普遍接受的会计政策。普遍接受的会计政策，包括三个主要的事情；会计准则，会计原则和会计程序。公司使用普遍接受的会计政策报告他们的财务报表。的标准和原则，在普遍接受的会计政策进行全球所接受。几乎世界上的每个国家都是遵循普遍接受的会计政策。美国的美国是唯一的国家，无论是既不普遍接受的会计政策也不是国际会计标准委员会。它有自己的标准和原则。的一般公认会计原则的最大特点是它使财务报表使用者的利益一致性和准确性。一般公认的会计原则有助于更好地理解的财务报表。国际财务报告准则和一般公认会计原则的设定高标准的质量，这将导致在高质量的财务报表维护的主要动机。
