Accounting Code of Conduct and Accounting Principles

Accounting code of conduct

        Code of ethics or accounting is a guideline for attitudes, behavior and actions in the performance of duties and in daily life in the accounting profession. The accounting ethics code can offer a balance between the negative aspects of the accounting profession, in the code of ethics as a compass that indicates the moral direction for a profession


Accounting Principles

       The origins of GAAP or Generally Accepted Accounting Principles go all the way back to 1929 and the stock market crash that caused the Great Depression. Faith in the economy was at an all time low and the government of that time decided that something had to be done to rebuild that faith. Thus, the Securities and Exchange Commission or SEC was formed with a mission to regulate financial practices. The SEC in turn asked the American Institute of Accountants for help in order to examine financial statements and 1936 the concept of GAAP was spoken about for the first time.

1. Economic Entity Principle
2. Period Principle
3. Unit Monetary Principle
4. Historical Cost Principle
5. Going Concern Principle
6. Full Disclosure Principle
7. Revenue Recognition Principle
8. Matching Principl
9. Principle of Materiality
10.  Principle of Conservative Accounting

Reference:

https://vanesyayulianti.wordpress.com/2014/12/10/kode-etik-akuntansi/

https://www.jurnal.id/id/blog/2017/8-prinsip-dasar-etika-profesi-akuntansi