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).
The Generally Accepted Accounting Principles exist to ensure that American accountants are using the same or almost the same standards so that comparison of financial statements between or within a company is easy and accurate. They also promote transparency in accounting. The GAAP are set by the FASB.