English version

statement of principles

From Longman Business Dictionarystatement of principlesˌstatement of ˈprinciples noun (plural statements of principles)1[countable] a statement by an organization of the moral or political beliefs which the organization’s actions will be based onThe statement of principles of the Federation was drawn up at the conference and signed by all the organizations present.2the Statement of PrinciplesACCOUNTING in the UK, a statement by the ACCOUNTING STANDARDS BOARD, giving the ideas and rules that should be followed in accountingThe first chapter of the Statement of Principles defines fundamental terms such as asset, liability, and equity.
Pictures of the day
Do you know what each of these is called?
Click on the pictures to check.