statement of principles

statement of principles
statement of principles ˌstatement of ˈprinciples noun statements of principles PLURALFORM
1. [countable] a statement by an organization of the moral or political beliefs which the organization's actions will be based on:

• The statement of principles of the Federation was drawn up at the conference and signed by all the organizations present.

2. the Statement of Principles ACCOUNTING in the UK, a statement by the Accounting Standards Board, giving the ideas and rules that should be followed in accounting:

• The first chapter of the Statement of Principles defines fundamental terms such as asset, liability, and equity.

* * *

statement of principles UK US noun [C] (plural statements of principles)
a statement in which a person or organization describes their beliefs and intentions: »

He will call for a 'statement of principles' which sets out which areas are controlled by the EU and which are handled by national governments.


We need a clear statement of principles, backed up by firm commitments.

(also Statement of Principles) (ABBREVIATION SOP) ACCOUNTING in the UK, an official set of rules published by the Accounting Standards Board for company accounts: »

Issue costs are not assets as defined in the Board's draft Statement of Principles.

Financial and business terms. 2012.

Игры ⚽ Нужно решить контрольную?

Look at other dictionaries:

  • Statement of Principles — A document first issued by the Accounting Standards Board in 1995 in an attempt to provide a conceptual framework for UK accounting standards. There are seven chapters: 1. The Objectives of Financial Statements 2. Qualitative Characteristics of… …   Accounting dictionary

  • Statement of Principles (NDP) — The New Democratic Party s Statement of Principles was adopted in 1983 in Regina, Saskatchewan, Canada, at the 12th Federal NDP Convention. It replaced the Winnipeg Manifesto which had been created in founding the Co operative Commonwealth… …   Wikipedia

  • statement of funding principles — (SFP) Introduced by the Pensions Act 2004, the trustees of a salary related scheme must prepare and maintain a statement of funding principles (SFP). The SFP must set out the trustees policy for meeting the statutory funding objective and contain …   Law dictionary

  • statement of investment principles — (SIP) The trustees of an occupational pension scheme must put in place and maintain a statement of investment principles (SIP). This must set out the basis on which the trustees plan to invest the scheme assets. There are detailed requirements… …   Law dictionary

  • Principles of Theoretical Logic — Principles of Mathematical Logic is the 1950 American translation of the 1938 second edition of David Hilbert s and Wilhelm Ackermann s classic text Grundzüge der theoretischen Logik , on elementary mathematical logic. The 1928 first edition… …   Wikipedia

  • Statement of retained earnings — Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management · Chart of accounts  …   Wikipedia

  • Statement on the Co-operative Identity — The Statement on the Co operative Identity, promulgated by the International Co operative Alliance (ICA), defines and guides co operatives worldwide. It contains the definition of a co operative as a special form of organization, the values of co …   Wikipedia

  • Statement of faith — A statement of faith is a statement of the core beliefs of a religious group.A typical statement of faith is said to be a non comprehensive summary of the core beliefs of a particular faith within a tradition (or traditions). Even religious… …   Wikipedia

  • Principles of Organic Agriculture — The Principles of Organic Agriculture were established by the International Federation of Organic Agriculture Movements (IFOAM) in September, 2005. They embody a global vision for organic farming. The Principles were approved by the General… …   Wikipedia

  • Statement Of Retained Earnings — A financial statement outlining the changes in retained earnings for a specified period. The statement of retained earnings is prepared in accordance with generally accepted accounting principles (GAAP). The statement of retained earnings… …   Investment dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”