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When teaching about the use of the Rotokinetic bed,the nurse informs the patient that:
Generally Accepted Accounting Principles
A set of accounting standards, principles, and procedures that companies must follow when they compile their financial statements, ensuring transparency and comparability.
GAAP
Generally Accepted Accounting Principles; a collection of commonly-followed accounting rules and standards for financial reporting.
General Accounting Procedures
The standardized methods and practices used by accountants to prepare, present, and report financial statements.
Accounting Practices
The systematic process of recording, reporting, and analyzing financial transactions of a business, according to established conventions, principles, and standards.
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