Blue Medicare PPO â a popular Medicare Advantage plan in Florida. Some Counties in Florida have a couple dozen Medicare plans to choose from. Competition is fierce for some plans with name recognition to attract new members. Name recognition is one problem Blue Cross does not have.
What are 'Accounting Principles'. Accounting principles are the rules and guidelines that companies must follow when reporting financial data. The common set of U.S. accounting principles is the generally accepted accounting principles (GAAP).
These standards are called GAAP or Generally Accepted Accounting Principles. There are a number of different principles that GAAP uses to help maintain a high level of reliance and verifiability in financial reporting. One of these principles is the objectivity principle. The objectivity principle states that financial and accounting information needs to be independent and free from bias. This means that financial reporting like a company's financial statements need to be based on evidence and not opinions.