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).
This essay discusses the principle based approach and rules based approach for accounting and critically examine the more appropriate standard of accounting. According to Bennet et al (2006) the difference between rules-based and principles-based standards is not clear and is subject to a variety of interpretations.