The French generally accepted accounting principles, called Plan Comptable Général (PCG) is defined by the regulation n°2014-03 written by the Authority of Accounting Rules (Autorité des normes comptables, abbr. ANC),
[ from the committee in charge of the accountancy reglementation, update 14 December 2007.] 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.
ordonnance no 2009-79
using French GAAP in French Wikipedia and ANC in French Wikipedia for interpretation
Content
* Review of the subjects and principles of accountancy
Accounting, also known as accountancy, is the process of recording and processing information about economic entities, such as businesses and corporations. Accounting measures the results of an organization's economic activities and conveys ...
;
* Definitions of the main concepts: balance sheet
In financial accounting, a balance sheet (also known as statement of financial position or statement of financial condition) is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business ...
, income statement
An income statement or profit and loss accountProfessional English in Use - Finance, Cambridge University Press, p. 10 (also referred to as a ''profit and loss statement'' (P&L), ''statement of profit or loss'', ''revenue statement'', ''statement o ...
and annexes, liability and asset
In financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything (tangible or intangible) that can be used to produce positive economic value. Assets represent value of ownership that can b ...
, 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.
Accounts classification
References
{{Reflist
France
France, officially the French Republic, is a country located primarily in Western Europe. Overseas France, Its overseas regions and territories include French Guiana in South America, Saint Pierre and Miquelon in the Atlantic Ocean#North Atlan ...
Accounting in France
Standards of France