French generally accepted accounting principles
The French generally accepted accounting principles, called Plan Comptable Général is defined by the regulation n°2014-03 written by the Authority of Accounting Rules, validated by the Minister of the Budget. The Authority of Accounting Rules was created by the ordonnance no 2009-79 and combines the functions of the prior CRC and CNC.
Content
- Review of the subjects and principles of accountancy;
- Definitions of the main concepts: balance sheet, income statement and annexes, liability and asset, income, loss and profit, and a presentation of accountancy and valuation rules;
- List of account maintenance rules and accounts nomenclature;
- Description of various accounting documentation;
- Summary of special accounting rules.